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August 29, 2008Mashpee Wampanoag Tribe confident on investorsThe Mashpee Wampanoag Tribe of Massachusetts isn't worried about the financial rating of one of its gaming investors, a spokesperson said. Waterford Gaming, which is owned by South African business tycoon Len Wolman, is backing the tribe's casino bid. While...August 15, 2008Non-Indian racetrack in Oklahoma may be soldA non-Indian racetrack in Oklahoma that claims it will be hurt by a proposed off-reservation casino might be sold. Remington Park is doing well, according to executives, but its parent company isn't. So Magna Entertainment Corp. might sell the track...July 25, 2008First Nations to manage Native casinos in TaiwanThe Saskatchewan Indian Gaming Authority has signed a deal to manage up to three Native casinos in Taiwan. SIGA will start with one casino for the Thao Tribe, one of Taiwan's indigenous groups. SIGA will take up to 30 percent...July 17, 2008Little River Band purchases defunct racetrackThe Little River Band of Ottawa Indians purchased a defunct racetrack in Michigan for an undisclosed price. The tribe wants to open a casino at the site near Muskegon. But official said there is no timetable for development. The...July 10, 2008New Quapaw casino a threat to gaming companyThe Quapaw Tribe of Oklahoma opened a massive casino to large crowds over the July 4 weekend and the development could force one of the nation's largest gaming companies to drop a casino bid in Kansas. Penn National Gaming is...July 9, 2008Choctaw Nation in negotiations to sell race trackThe Choctaw Nation is in talks to sell the Blue Ribbon Downs, potentially to the Cherokee Nation, according to published reports. The tribe bought the race track in November 2003 for $4.25 million. Choctaw leaders bragged how they kept their...July 1, 2008Mohegan Tribe loses partner in Kansas casino bidThe Mohegan Tribe of Connecticut has lost one of its partners in a bid for a commercial casino in Kansas. The tribe, owners of the Mohegan Sun Casino, purchased the one-third interest held by Olympia Gaming in the "Legends Sun"...June 24, 2008Soo Tribe's Detroit casino lays off 89 employeesThe commercial casino owned by the Sault Ste. Marie Tribe of Chippewa Indians laid off 89 employees on Monday. Greektown Casino is in Chapter 11 bankruptcy proceedings. The tribe is seeking $150 million in loans to finish construction on...June 6, 2008Soo Tribe expects $15.9M loss at commercial casinoThe Sault Ste. Marie Tribe of Chippewa Indians won approval from theMichigan Gaming Control Board to restructure the debt at its commercial casino in Detroit. The tribe has secured a $51.3 million loan to complete work on a permanent...June 5, 2008Bankruptcy judge approves loan for Soo Tribe casinoThe Sault Ste. Marie Tribe of Chippewa Indians of Michigan is moving to address the financial state of its commercial casino in Detroit. The tribe filed for Chapter 11 bankruptcy protection last week to get the Greektown Casino in...June 2, 2008Soo Tribe in turmoil as casino files for bankruptcyNews of a Chapter 11 bankruptcy filing by the Sault Ste. Marie Tribe of Chippewa Indians deepened tensions within the Michigan tribe. The tribe has a majority stake in the Greektown Casino in Detroit. Facing pressure from the state,...May 22, 2008Lac du Flambeau project wins Mississippi licenseA casino boat being backed by the Lac du Flambeau Band of Lake Superior Chippewa of Wisconsin has been awarded a license by the Mississippi Gaming Commission. The tribe is one of the partners in the Grand Soleil Casino Resort...May 21, 2008U.S. Attorney cites threat to Indian gamingU.S. Attorney Sheldon Sperling of the Eastern District of Oklahoma says Indian gaming remains vulnerable to criminal elements. Sperling successfully prosecuted Ivy Kwok Ong for tax fraud and bribery. Ong was able to infiltrate the Seminole Nation's gaming operation despite...May 16, 2008Wyandotte Nation shares gaming revenuesThe Wyandotte Nation of Oklahoma made its first payment of gaming revenues to local governments in Kansas. The tribe agreed to share a percentage of revenues from its casino in downtown Kansas City with Wyandotte County and Kansas City....May 14, 2008Soo Tribe pressed to keep Detroit casino afloatThe Sault Ste. Marie Tribe of Chippewa Indians is facing pressure to make sure its commercial casino in Detroit complies with state law. The tribe has fallen behind on construction of a permanent Greektown Casino. Revenues have dropped and...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... |
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