Hollywood Park Land Co., LLC v. Golden State Transportation Financing Corp.

Opinion

SCOTLAND, P. J.

Amended Indian gaming compacts approved by the Governor authorize an increase in the number of permissible slot machines on Indian tribal land, in exchange for a substantial payment to the State of California (the State), and authorize the sale of bonds (compact bonds) to provide an income stream to the State in return for the State’s promise to limit who may engage in certain types of gaming within the Indian tribes’ core geographic market.

Defendants, California Infrastructure and Economic Development Bank (I-Bank) and Golden State Transportation Financing Corporation…