The Mashpee Wampanoag
Tribe of Massachusetts has accepted a $1.5 million loan from its new gaming partner but Chairman Cedric Cromwell said the money won't have be repaid if a casino never becomes reality.
The tribe was already given $4 million by prior casino investors. Cromwell said the new loan won't be a big problem.
"Certainly, they know we have no other commercial money coming in," Cromwell told The Cape Cod Times.
The tribe is working with Kien Huat Realty, a subsidiary of Genting Group, the top gamlng company in Asia. Genting has financed casinos for the Mashantucket
Pequot Tribal Nation of Connecticut and the Seneca Nation of New York, and owns a 49 percent stake in Empire Resorts, a partner of the St. Regis Mohawk Tribe of New York.
Get the Story:
Mashpee tribe partner backs casinos near and far
(The Cape Cod Times 12/1)
Business Deals | Casino Stalker
Mashpee Wampanoag Tribe gets loan from gaming firm
Tuesday, December 1, 2009
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
• St. Regis Mohawk Tribe to hold another vote on casino• Top executive for Dry Creek Pomo casino resigns post
Indian Gaming Archive