Chief Robert Gray, who replaced Brown back in 2015, defended the tribe's work with outsiders. Partnerships, management contracts and other types of agreements are common in the $31 billion Indian gaming industry. “Starting out, sure, we understand we have to hire the experts,” Gray told the paper. “But then we can groom our own experts." Yarbrough is best known as the founder of Video Gaming Technologies, which has supplied gaming machines to tribal casinos across the country. He financed the $3 million purchase of 600 acres outside of Richmond, the state capital, for a possible Pamunkey casino. The tribe has not detailed its arrangement with Yarbrough. But in other situations, tribes have had to pay back developers for land acquisitions, loans and others costs associated with opening a casino. The costs can run high. The Mashpee Wampanoag Tribe, whose leaders completed the federal recognition process prior to the Pamunkey Tribe, has run up at least $400 million in debt to its foreign partner, according to a 2017 report from Genting Malaysia. The Pamunkeys are going down a similar path to the Mashpees. The process involves acquiring land, submitting a land-into-trust application to the Bureau of Indian Affairs, waiting for a decision from the BIA, all while negotiating with the state for a potential Class III gaming compact. The process can last a decade, or even longer, as in the case of the Mashpees. "As long as it’s done the right way - which we believe we can work with the state and the localities to do it the right way - it’s a win-win for everyone,”Pamukey Chief Gray told The Times-Dispatch. Read More on the Story:
PamunkeyNet, then a casino. How an Indian tribe that's been in Virginia for over 10,000 years plans to secure its future. (The Richmond Times-Dispatch May 11, 2018) An Opinion:
Jeff E. Schapiro: Improved odds on casinos, but obstacles remain (The Richmond Times-Dispatch May 8, 2018)
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