clubhouse, east hampton, indoor, tennis, cornhole, bar, happy hour, bowling, mini golf

Story - News

Jul 20, 2010 7:15 PMPublication: The East Hampton Press

Connecticut casino employees file 11th-hour challenge to Shinnecock recognition

Jul 20, 2010 7:15 PM

A financial feasibility report contracted for a previous tribe investor showed that a casino on Long Island had the potential to grow into a multibillion-dollar annual business and one of the largest casinos in the world. It would also pose a grave threat to the viability of the two mega-casinos already in operation in southern Connecticut, Mohegan Sun and Foxwoods, according to the appeal filed by the Connecticut group. Mr. Gumbs said that the Shinnecocks have reached out to the two Connecticut tribes who operate casinos: the Mashantucket-Pequot, which operates Foxwoods, and the Mohegan tribe, which operates Mohegan Sun. He said both tribes have vigorously denied having any connection to the casino employees coalition or of having had anything to do with the appeal.

“Somebody has got to be backing them,” Mr. Gumbs said. “They just filed several hundred pages of documentation. That’s not something that happens overnight and without a lot of money behind it.”

<<  1  |  2  

You've read 1 of 7 free articles this month.

Already a subscriber? Sign in

Editor, this article has a very similar (identical?) headline to the former one. Any chance of modifying it, and posting cross-links at both locations?

Thank you.
By PBR (4956), Southampton on Jul 21, 10 3:15 PM
Maybe they came to the startling realization across the Sound in CT, regarding just how big the "margin call" is when it comes to all the monies they have financed. Do they really have serious reason to believe a potential casino will destroy them? How deep are they in to the "loan sharks"?

Can't pay huge loans, when business is divided on two distinctly different fronts, now can you?

There's way more to this than them wanting the "monopoly" on tribal casino gaming. Can't wait ...more
By Mr. Z (11830), North Sea on Jul 21, 10 10:51 PM