“The Ho-Chunk is in the middle of a proposal to build an off-reservation casino in Beloit, however Greendeer said there has been no update on their project status. The Environmental Impact Statement for the Beloit casino project is currently at the BIA office in Washington, D.C., and is waiting for approval from the office before being sent back to the regional BIA office in Minnesota.”
Lac du Flambeau vote against continuing to fund Shullsburg casino application process
“A referendum vote by the Lac du Flambeau Band of Lake Superior Chippewa Indians was 140-138 against continuing to fund the Shullsburg Gaming Fee-To-Trust application for the development of the off-reservation casino in Shullsburg, a tribal spokesman said. The vote did not mean that the tribe was pulling its application for the proposed $132 million casino, according to tribal spokesman Brandon Thoms. But it is one of the options open to tribal leaders as they seek alternative sources for funding the application process, he added.”
Shullsburg and Lac du Flambeau ready for new casino
“The project would also need approval from the state of Wisconsin. That’s proved a stumbling block for the Menominee Tribe’s plan for an off-reservation casino in Kenosha. Governor Scott Walker has put off approving the plan due to another tribe’s opposition to it.”
WI: Shullsburg still betting on casino after big-time bust
“Nearly 100 percent of Wisconsin residents live within a two-hour drive of a casino, according to a recent study by the Wisconsin Policy Research Institute, a free-market think tank. The report, authored by University of Wisconsin-Green Bay professor emeritus Daniel Alesch, concludes the market for Native American gaming in the Badger State is saturated.”
“The City of Baraboo agreed to support Sauk County’s opposition to the Ho-Chunk Nation taking land near their casino into tax-exempt status Monday evening, with the proviso that the interested parties should work on a mutually agreeable compromise. Controversy has been sparked among local government bodies after the Nation applied to the federal Bureau of Indian affairs to have 600 acres of land along Highway 12 and North Reedsburg Road given trust status. Schauf has estimated trust status for the properties would result in a loss of about $700,000 in taxes for the county, Baraboo School District, town of Delton and other governments.”
When tribal gaming goes sour… rights & remedies in an unclear legal environment
“These creditor leverage points, however, are often not available in the context of tribal-owned gaming entities, limiting the options for borrowers and lenders/creditors.”
Casino Muni Bond Defaults Because “The People Got Fed Up”
“A federal court actually allowed an American Indian tribe to get out of a $50 million bond it owed to a private investor, raising concerns among other tribal-casino lenders. The 3,500-member Lac du Flambeau Band of Lake Superior Chippewa Indians, in northern Wisconsin, said $782,000 in monthly bond payments were bleeding it dry so last fall, it stopped making them, arguing that the deal was invalid.”
Billionaire investor George Soros holds stake in DraftKings Yogonet, May 13, 2020 The 89-year-old philanthropist is one of several big-name investors to receive shares in the sports-betting company since it went public through a reverse merger on April 23. According to a filing last week with the U.S. Securities and Exchange Commission, Quantum Partners, an investment vehicle run by Soros Fund Management, holds 2.7 million DraftKings Class A shares. Soros Fund Management oversees investments on behalf of the 89-year-old philanthropist...
Fears over children as young as ELEVEN being lured into addiction Experts believe casinos and betting firms are grooming teenage gamers Rank Group has hosted tournaments where players gambled as they took part More betting firms are sponsoring eSports events, which attract young player Casinos and betting firms have been accused by experts of grooming teenage video gamers as the next generation of gamblers. The Mail on Sunday can reveal that FTSE 250 company Rank Group, which owns Grosvenor Casinos...
Latest Posts
- WHO calls RG measures ‘ineffective’ and urges gambling ad ban
- ‘Sports Betting Isn’t Just A Little Hobby,’ Says Dave Ramsey. He Believes It’s An Addiction That’s Ruining Families—’The House Always Wins’
- Menominee Tribe Responds to KCE’s Report On Casino Concerns Amid Community Skepticism
- Menominee Leave Kenosha In The Dark On Status Of Casino Project: Opinion
- Menominee’s Bad Bets on Democrats Catch Up To Them
Upcoming Events
april, 2025
No Events