Casino Legalization in Arkansas Backed by Two Indian Tribes

Arkansas CasinoThe endeavours for the legalisation of four different casinos in the state of Arkansas, United States receives support and backing from two Indian tribes namely Cherokee and Quapaw.

The Quapaw tribe tops the list of contributors with a whopping sum of $707,000 to the Driving Arkansas Forward Committee. On the other hand, The Cherokee tribe was second on the list of contributors with their generous donation of $525,300.

The committee has asked for an amendment in the constitutional legislation which would result in issuing four new casino licenses in the state of Arkansas.

Last month, another committee named Arkansas Jobs Coalition that supports casino ballot measure received a generous donation worth $180,000 towards non-monetary contribution from the local Quapaw tribe. This ballot committee would submit the June report to the Arkansas Ethics Commission by Monday.

Casino Proposals to Generate Annual Revenue worth $120 Million

Both the committees, Arkansas Jobs Coalition and Driving Arkansas Forward, are in full support for the casino license and are headed by the lobbyist Don Tilton of Quapaw Tribe. Once the casino proposal gets the final approval, it would generate annual revenue to the tune of $120 million in net casino tax revenue.

Out of the total revenue, 55% would go to the general revenue fund of Arkansas State. The Racing Commission also would get 17.5% revenue of tax receipts. The local government where the four casinos are available would be taking care of the remaining money.

Nate Steel, the counsellor for these two committees, is delighted at this overwhelming financial support offered by the organisation. They are of the opinion that the ballot measure would create more job opportunities shortly and minimise the overall tax rates. At the same time, the casino licensing would help in building better infrastructure and contribute towards the stronger economy in the state.

Development of Four New Casinos in Arkansas

If everything goes in favour of the Cherokee and Quapaw tribes of Arkansas and the proposal receives acceptance from the state government, the Racing Commission would issue four casino licenses. Four new casinos would be developed in the following locations:

     • Southland Racing Corp within 2 miles of Pine Bluff
     • Jefferson County within 2 miles of Russellville
     • Oaklawn Racing and Gaming in Hot Springs
     • Southland Gaming and Racing in West Memphis

The Arkansas Thoroughbred Racing and Breeding Alliance committee has raised an amount of $10,000 from Oaklawn Jockey Club Inc of Hot Springs.

The official casino sponsors who are looking forward to qualifying for the casino measure for November 6 ballot have collected more than 96,000 signatures of registered voters. The Office of the Secretary of the Arkansas State is contemplating whether 84,859 signatures are valid or not and whether they could get more signatures in the next 30 days.


Related Articles

Crown Resorts Looking Forward to a Revenue Boost from Melco Sale

For the fiscal year 2017 ending on June 30, Australian casino operator Crown Resorts Ltd has declared a net profit

Donaco International Signs an Agreement Deal with Poker King Club

Donaco International Ltd; a casino operator in South East Asia; has entered into an agreement with a gaming company called

Philippines President Says No to Casino Project on Boracay Island

Many people are confused about the recent statement issued by Rodrigo Duterte, the Philippines President, regarding the million dollar casino

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

<

0%