Press Statement From CNIGA Chairman Daniel Tucker on Publicly Traded Corporation Legislation

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Press Statement From CNIGA Chairman Daniel Tucker on Publicly Traded Corporation Legislation

July 16, 2001

Tribal leaders from throughout the state are meeting today with state legislators to urge the legislature’s rejection of two bills -- AB 572 (Firebaugh) and SB 51 (Vincent) which would enable publicly-traded corporations to receive gambling licenses
and to own gambling enterprises in California.

These bills represent a huge expansion of commercial gambling -- a move that voters have Consistently said they do not want. Should these bills become law, these big corporations will ultimately harm California tribes’ ability to support themselves by introducing widespread gaming into our cities and major communities. For the first time, Wall Street giants would control commercial gaming in this state.

With Prop 5 and Prop 1A, Californians voted for limited gaming on Indian lands because they believed in Indian self-reliance and in limiting gaming to reservations where they believed it could do the most good. What they didn’t vote for was widespread commercial gambling.

Funds from gaming have allowed us to improve our lives on the reservation. But this better way of life threatens to be taken away by commercial gaming interests.

Nevada approved publicly-traded corporations in the 1960’s and forever changed the landscape of that state. California does not want to become another gambling mecca.

By contrast, California voter support for gaming on Indian lands is higher than ever. Even before Prop 5, tribal gaming contributed more than $4 billion and thousands of jobs annually to the state’s economy. Since then these contributions have grown dramatically. We have generated revenue to share with non-gaming tribes and local governments as well as for state regulatory oversight and problem gambling programs.

Indian gaming is working and California wants to keep it that way.

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