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May 7, 2008Soo Tribe finds investors for Detroit casinoThe Sault Ste. Marie Tribe of Chippewa Indians has landed a $100 million investment for its commercial casino in Detroit. The tribe needed to find new investors or face a state-ordered sale of the Greektown Casino. Revenues at the...April 25, 2008Lac du Flambeau Band fueds over gaming projectsMembers of the Lac du Flambeau Band of Lake Superior Chippewa Indians are questioning the tribe's gaming projects. The tribe operates the Lake of the Torches casino on its reservation. Some say the books don't add up. The tribe...March 14, 2008Rosebud Sioux Tribe seeks $525K in contract flapThe Rosebud Sioux Tribe of South Dakota is seeking $525,000 from its former gaming partner. A tribal court ordered BBC Entertainment, which is owned by former tribal president Charles Colombe, to pay the money in a management contract dispute. But...March 5, 2008Mille Lacs casino eyed as stop on high-speed rail lineThe Mille Lacs Band of Ojibwe is meeting with local governments in Minnesota to discuss a potential high-speed rail line stop at the tribe's Grand Casino. The tribe is open to the idea, an official said. The casino sees an...February 28, 2008Sho-Bans question tribe's role in Las Vegas dealSome members of the Shoshone-Bannock Tribes of Idaho are criticizing the tribe's involvement in a potential Las Vegas casino. The tribe has apparently joined an effort to open the first Indian-run casino on the Vegas strip. The Muckleshoot Tribe...February 27, 2008Seminole Tribe turns down one Las Vegas dealThe Seminole Tribe of Florida has turned down an offer to buy land on the Las Vegas strip. A developer named Triple Five wanted to sell about 40 acres near the southern end of the strip. But the tribe wasn't...February 25, 2008Tribes seeking to develop casino in Las VegasThe Muckleshoot Tribe of Washington is seeking to develop the first inter-tribal casino in Las Vegas, KPVI-TV reports. The tribe wants to buy 70 acres on the southern end of the strip. The Shoshone-Bannock Tribes of Idaho have already...February 15, 2008Laguna casino to sponsor university teamsAthletic teams at the University of New Mexico have a new sponsor: the casino owned by Laguna Pueblo. The tribe's development corporation signed a $2.5 million, five-year deal with UNM's athletics department. The tribe will pay $500,000 a year to...Lac du Flambeau Band to mortage land for debtsThe Lac du Flambeau Band of Lake Superior Chippewa is will mortgage fee lands to pay off $50 million in gaming debts after members of the Wisconsin tribe approved a referendum on Thursday. The tribe will use the land to...Ponca Tribe hires firm to develop casinoThe Ponca Tribe of Oklahoma has hired Sunway-Postoak Advisory Inc., an Indian-owned firm, to develop, design and build a casino. Sunway-Postoak Advisory is owned by Wayne Postoak, a member of the Choctaw Nation. Postoak is a former coach and...February 12, 2008Lac du Flambeau Band seeks $50M for gaming debtsThe Lac du Flambeau Band of Lake Superior Chippewa is weighing a $50 million bond deal to refinance debt on its Wisconsin casino and finance a gaming project in Mississippi. The bond would be financed by mortgaging fee lands on...January 28, 2008Red Lake Nation retires $27M debt for casinosThe Red Lake Nation of Minnesota has paid off a $27 million loan used to expand two casinos. The tribe retired the debt in seven years. “It’s been a rough road, but we made it,” Charles Prentice, the chief...January 16, 2008Navajo Nation's $100M gaming loan in limboThe Navajo Nation is looking at alternative sources of funding for its new gaming empire due to concerns about a $100 million loan from JP Morgan Chase bank. The tribe agreed to secure the loan in order to build its...December 17, 2007Investors make more money than Mohegan TribeThe backers of the Mohegan Tribe's casino in Connecticut have made slightly more money than the tribe, The Boston Globe reports. From 2001 to 2006, Sol Kerzner and Len Wolman of Trading Cove Associates made $368.9 from the Mohegan...December 13, 2007Kansas tribes withdraw state casino proposalTwo Kansas tribes abruptly withdrew their application for a commercial casino in Wyandotte County. The Kickapoo Tribe and the Sac and Fox Nation proposed a $441 million casino in Kansas City. But an attorney said competition for the state-authorized casino...December 6, 2007Gaming firm sees delay for Nambe Pueblo casinoIt looks like Nambe Pueblo will have wait a bit longer for its first casino in northern New Mexico. The tribe's gaming management partner, Full House Resorts, has pushed back the anticipated opening date for the casino from late...December 5, 2007Navajo Nation faces suit over casino legislationThe Navajo Nation is facing a lawsuit over its first casino. Lawyer James Zion plans to sue on behalf of tribal members who are challenging legislation that authorized the tribe to secure a $100 million line of credit for the...November 21, 2007Tribes seek commercial casino in MassachusettsThe Aquinnah Wampanoag Tribe of Massachusetts and the Seneca Nation of New York made the rounds to two newspaper editorial boards on Tuesday. The tribes have formed a partnership to pursue a commercial casino in Massachusetts. Gov. Deval Patrick...November 14, 2007San Pasqual Band to offer gaming expertiseThe San Pasqual Band of Mission Indians has started a management services firm to offer its gaming expertise to other tribes. The tribe operates the Valley View Casino. Executives said they want to share their knowledge in running the facility....November 13, 2007Mashantucket Tribe, MGM seek casino in KansasThe Mashantucket Pequot Tribal Nation of Connecticut and MGM Mirage have formed a partnership for a commercial casino in Kansas. The Chisholm Creek Casino Resort would feature a 250-room hotel, 2,000 slot machines, 50 table games, and food, beverage, retail,...November 5, 2007Indian gaming management firm to shift focusLakes Entertainment, one of the first major Indian gaming management firms, is shifting its focus, CEO Lyle Berman says. Lakes has been managing tribal casinos for more than a decade. The firm currently has agreements with five tribes for...October 30, 2007Harrah's faces $2.8B judgment in Mohawk courtThe St. Regis Mohawk Tribe of New York is seeking to collect a $2.8 billion judgment against the world's largest gaming company. The tribe's court ordered Park Place Entertainment to pay $1.8 billion for interfering with a proposed off-reservation casino...October 25, 2007Aquinnah Wampanoag Tribe, Seneca Nation partnerThe Aquinnah Wampanoag Tribe of Massachusetts and the Seneca Nation of New York announced on Wednesday a gaming partnership. The two tribes will bid for one of the three commercial casinos that are the subject of state legislation. "As we...Rosebud Sioux Tribe wins gaming contract caseThe Rosebud Sioux Tribe of South Dakota is owed more than $525,000 from its former gaming management partner, a tribal judge ruled. The tribe signed a management contract with BBC Entertainment in 1994. BBC was to receive 35 percent of...October 23, 2007Navajo Nation backs $100M credit line for casinosThe Navajo Nation Council voted 54-25 on Monday to back a $100 million line of credit for the tribe's gaming operations. The tribe secured the money from JP Morgan Chase. President Joe Shirley Jr. said it will be used to...October 16, 2007Navajo president pushes for gaming loanNavajo Nation President Joe Shirley Jr. urged the Navajo Nation Council to approve a $100 million line of credit to finance the tribe's gaming operation. Shirley said conditions for a loan are favorable right now. Further delays could risk the...September 27, 2007Tribes propose commercial casinos in KansasThree tribes are in the running for a commercial casino in Kansas City, Kansas. The Kickapoo Tribe and the Sac and Fox Nation have teamed to propose a casino on 77 acres.. Details of their proposal have not been...September 21, 2007Former Seminole casino partner to plead guiltyA former casino developer for the Seminole Nation of Oklahoma is expected to plead guilty to making illegal payments to tribal officials. Ivy Ong was named Thursday in a federal indictment. Prosecutors said he made nearly $60,000 in payments to...August 31, 2007Navajo committee approves gaming credit lineA Navajo Nation Council committee approved legislation to seek a $100 million loan credit line with JP Morgan Chase. The bank wants to lend the money to the tribe for gaming projects. Derrick Watchman, a JP Morgan executive who is...City wants Meskwaki Tribe to operate casinoThe city of Davenport plans to ask the Meskwaki Tribe of Iowa to operate a riverboat casino. The tribe operates a casino on its reservation. The one in Davenport would apparently fall under the state system. The Rhythm City Casino... |
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