Mashpee Wampanoag Tribe Signs Gambling New Deal with Massachusetts State
The Mashpee Wampanoag tribe in Massachusetts that is responsible for gambling in Taunton, announced recently a comprehensive deal with the state that seeks to reduce the amount that the tribe is expected to pay to the state in form of revenues from casinos in the area. The earlier figure was at 21.5% of revenue generated from gambling, a figure that the tribe deemed to be too high. The negotiations and subsequent announcement was made by the Federal Bureau of Indian Affairs. Online casino software providers are following the proceedings with keen interests as it could have a possible effect on online casino business.
Cedric Cromwell, who is the tribal chairman met with the governor of Massachusetts Deval Patrick to come up with the details of the new agreement. After meetings between the interested parties, the amount payable by the tribe to the state was reduced to 17% of the revenue earned by the tribe through gambling avenues. For Online casino software providers, this might mark a new trend in the United States and beyond to make the casino business more favorable for its owners.
The new arrangement also includes a possible further reduction of the amount payable to the state to up to 15%, with the condition being that a slots parlor is set up in Taunton. Moreover, if commercial developer operated and run casino is constructed in the region, the tribe might not have to pay anything to Massachusetts State, but whether the tribe will want to have this happen is yet to be seen. With a lax in land-based casinos, online casino software providers are hoping that the same may soon apply to online casino businesses.
BY CASINOWEBSCRIPTS PUBLISHED 23 March 2013