Tribes
Upset with Casino Companies
As reported by the New York Times
Union: "Representatives of two Iroquois
tribes in New York are upset that publicly traded
gambling companies may be misrepresenting their
tribal relationships.
"The inaccurate
portrayals, they say, could deceive investors
on the odds for Catskills casino deals.
"…In
a June 30 filing to the Securities and Exchange
Commission, Harrah's declared the litigation
involving the judgment essentially settled,
which Rhodes-Devey and tribal chiefs say is
wrong.
"…Harrah's
proposes to build a Mohawk casino with the tribe
at Kutsher's Resort near Monticello. But the
tribal government is also considering moving
the project to Monticello Raceway, a site controlled
by a competing casino company, Empire Resorts.
"Empire
is also misrepresenting its tribal relationships,
lawyers for traditional leaders of the Cayuga
Indian Nation charge in a letter to the SEC.
"…The
charges of misrepresentation arise as Mohawk
leaders, exploring bringing Empire and Harrah's
together, have asked Gov. George Pataki to back
the Monticello Raceway project…"
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