Litigation Delays California's Tribal Gambling Securitization

Saskal, Rich
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p32
Trade Publication
The article informs that California's plans for an $800 million securitization of revenue from tribal gambling remain in limbo, awaiting the outcome of a slow-moving court case. That case, brought by non-tribal gambling interests, awaits a change-of-venue motion scheduled tomorrow in Alameda County Superior Court in Oakland. It will be the second such motion the state has brought to move the case to Sacramento, said Steven Mayer, attorney for the plaintiffs, who filed the case in September 2004. The case stems from revised gambling compacts the Governor Arnold Schwarzenegger's administration negotiated June 2004 with five casino-operating Indian tribes.


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