While a major Indian casino resort project on the Richmond shoreline faces heavy public scrutiny as a city council vote nears, another tribe with casino dreams in West Contra Costa has quietly encountered a setback in Washington, D.C.
The Scotts Valley Band of Pomo Indians is shopping for new backers, after a federal commission found that the tribe’s longtime partner repeatedly lied and withheld information about several investors in the Las Vegas-style casino it plans in unincorporated North Richmond.
In a settlement deal revealed Thursday, Florida-based Richmond Gaming Ltd. agreed to get rid of those investors and give way to a newly formed entity qualified to manage a casino operation.
More : contracostatimes.com
Send an E-Mail for India Property Enquiry!
Related News from India Properties
Glendale, Indian tribe differ on economic impact of proposed casino
The city of Glendale and Tohono O’odham Indian tribe have opposing views over the economic impact of a controversial casino the tribe wants to build near University of Phoenix Stadium and Westgate City Center. Glendale officials have problems with the casino, which could be built on land at 91st and Northern avenues if the federal government grants the Tohono application to make it reservation land. The West Valley city and the tribe have differing economic impact studies regarding the casino. A study conducted for Glendale by Valley economist Elliott Pollack concludes that for the city government, the costs of providing services and
Vegas dreams go for broke
An arctic evening in Minnesota: Tracy Bridges shivered near her apartment window, weary of snowstorms and slender paychecks. She was 27, making $23,000 dealing blackjack at an Indian casino in Duluth, Minn., and couldnt shake thoughts of those dealers who had flown in from Las Vegas. They were teaching the casino staffers and talked about high-rollers and tipsy celebrities, about the huge tips dealers pocketed. I could do that, she thought. That winter of 1997, Bridges quit her job, packed her Chevy Lumina and sped off, the frozen Red River fading in her rear-view mirror. Five days later, she arrived in Las
Spice Plans Handsets in Chennai
Spice Ltd, a company of the $250 million transnational M Corp Group, has announced its plans to launch 4 mobile handsets in Chennai. The company also plans to set-up a manufacturing facility in Baddi, Himachal Pradesh, by end-2006. The micro-chip deployed in these handsets will be designed at the company's Noida facility, while the manufacturing will be done in Taiwan. Speaking at the occasion, Kunal Ahooja, CEO, Spice, said that as of now the company is concentrating on entry-level phones but plans to come-up with a full range of mobile phones catering to all market segments. Spice phones are already
Deposits of Noida plot applicants in limbo
The 1.27 lakh applicants who bid for 625 residential plots in Noida are going through a tense period. Apart from the suspense of who will get a plot, there’s also the staggering amount of money _ over Rs 1,765 crore __ that the applicants have paid as base money. According to officials, this money would be locked in its coffers till a decision on a new lottery is taken and the results are declared. Several applicants have already visited the Noida authority premises in sector 6 demanding return of their money. ‘‘I do not want the plot at all, who
Amtex to set up development centre in Chennai
US-based Amtex Systems Inc, among the top four privately held IT consulting & services companies in the New York region, has announced its India entry plans. The company is setting up a development centre in Chennai, its largest offshore deHvery facility globally. The new facility would employ over 350 people and ramp up to 1,000 people over the next two years. Amtex Systems also announced significant investment plans for the Indian presence, of more than Rs 100 crore over the next two years. According to Sunny Pokala, chairman & CEO, Amtex Systems, "The timing of the Indian entry and our aggressive