The Mashpee Wampanoag Tribe of Massachusetts owes $25 million to investor Herb Strather, The Cape Cod Times reports.
Strather, a developer from Michigan, bankrolled the tribe's federal recognition effort. Now he wants a payout from any gaming facility that the tribe opens.
"We are seeking a fairness inclusion in the gaming bill that will make the tribe pay their debts before they can get a compact," Strather wrote in a letter to Gov. Deval Patrick (D), the Times reported.
The Massachusetts Senate approved a provision that requires a tribe to disclose debts before negotiating a Class III gaming compact. The language is not present in H.3702, the bill approved by the House.
"Mr. Strather's claims are without merit," the tribe said in response.
Get the Story:
Investor calls Wampanoag on debt
(The Cape Cod Times 9/29)
Related Stories:
Massachusetts Senate opens debate on
bill to approve casinos (9/27)
Opinion: Massachusetts well on its way
to commercial gaming (9/26)
City wants to talk
with tribes about casinos in Massachusetts (9/23)
Opinion: The great gaming debate resurfaces
in Massachusetts (9/20)
Massachusetts House easily passes bill for
expanded gaming (9/15)
Tribes
gear up for debate on casino measure in Massachusetts (9/14)
Opinion: Hypocrisy over tribal gaming plan
in Massachusetts (9/13)
Editorial: Gaming bill gives free pass for
Massachusetts tribes (9/8)
Bill
offers 'small window' for a tribal casino in Massachusetts (9/7)
Opinion: Tribal casino in Massachusetts
unlikely without land fix (9/6)
Editorial: Tribal interests put ahead of
others in Massachusetts (8/29)
Gaming interests oppose tribal provision in
Massachusetts bill (8/26)
Massachusetts gaming bill provides for just
one tribal compact (8/25)
Mashpee Wampanoag Tribe still looking to
find land for a casino (8/24)
Mashpee Wampanoag Tribe praises
Massachusetts gaming bill (8/23)
Business Deals | Casino Stalker | Legislation
Mashpee Wampanoag Tribe reportedly owes $25M to investor
Friday, September 30, 2011
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
Saskatchewan Indian Gaming Authority chair suspended again Port Gamble S'Klallam Tribe hosts open house for casino plans
Indian Gaming Archive