Tribal casinos also in trouble

[Left Bank]

I didn't think they had such a huge amount of debt.I guess that's the american way.
http://indiancountrynews.net/index.p...7944&Itemid=84

[freddymo]

Originally Posted by Left Bank

I didn't think they had such a huge amount of debt.I guess that's the american way.
http://indiancountrynews.net/index.p...7944&Itemid=84

OMG people are running out of money to gamble with..Imagine that they used to stand in line to seat down at a Black jack table.. Tick toc

[copying]

If they made $700 million in profit last year, how can they not come up with the $7 million due????????

[jpops757]

With the limited options that the money people have, this is going to lead to the broadening of the gambling laws of the states so they have the option on taking possesion of the casinos and operating them. With the present lawa there is no option if they forclose, If they forclose under the present laws, what is the value of the properrty without gambling and no gambling without the Indians, What options do they have? If they do fail to pay, will any future Indian casino ever be able to do anything but pitch a tent and offer very limited facilities.

[gales0678]

Originally Posted by freddymo

OMG people are running out of money to gamble with..Imagine that they used to stand in line to seat down at a Black jack table.. Tick toc

yonkers is killing foxwoods and moehegan sun freddy

no need to get on the bus at nathan's anymore , slots are right up the street

foxwood's simply overexpanded in a downturn , similar to trump in the early 90's in AC

[freddymo]

Originally Posted by gales0678

yonkers is killing foxwoods and moehegan sun freddy

no need to get on the bus at nathan's anymore , slots are right up the street

foxwood's simply overexpanded in a downturn , similar to trump in the early 90's in AC

Yep and when Queens gets slots Yonkers will suffer then Nassau county will get slots and Queens will suffer..etc

[dellinger63]

One Tribe in WI owes over $100 million in taxes, and they are currently buying up more land for expansion.

http://gazettextra.com/weblogs/lates...y-100-million/

[MaTH716]

Originally Posted by copying

If they made $700 million in profit last year, how can they not come up with the $7 million due????????

Maybe they are run the by the same people that run New York City OTB.

[herkhorse]

I'm with Freddy on this one. There are way too many casino's already and it's only a matter of time until the cash cow runs out of milk.