Wednesday, December 17, 2008

Three-fourths of AtMashpee LLC investors were behind entity that morphed into MotorCity Casino

Detroit-based AtMashpee LLC bankrolled and directed political and lobbying activities that won Federal Recognition for the Mashpee Wampanoag tribe of Massachusetts and laid the ground work for a tribal casino resort planned for Cape Cod.

According to a 10.31.05 brief written by Robert Ankeny and published in Crain's Detroit Business:

AtMashpee LLC included $12 million syndicated through more than 200 investors.

About 150 of AtMashpee's investors are former Atwater Associates partners. The name AtMashpee, is a blend of Mashpee, as in Mashpee Wampanoag Indian tribe, and Herb Strather’s Atwater Entertainment Associates, organizers of what eventually became Detroit Entertainment LLC doing business as Detroit's MotorCity Casino)

AtMashpee was founded in 2000 by Herb Strather. Fellow Atwater partner and University of Michigan Regent Laurence Deitch is Resident Agent for the Strather managed limited liability company.

Another former Atwater investor, J. Ronald Slavik (J&J Slavik, Inc.), has strong ties to the Mashpee effort. He partnered with South African Sol Kerzner and Len Wolman on the Mohegan Sun casino in Connecticut. Kezner and Wolman have assumed financing and control of any future Mashpee project.

Strather formed what appears to be a related entity, AtMashpee Notes LLC, almost one year ago on 12.18.07. Jason Q. Wilson, Strather's corporate counsel, filed the documents on Strather's behalf.

See List: Atwater Entertainment Associates Investors

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