Tuesday, September 06, 2011

Shinnecock will make case for casinos at Hamptons League of Women Voters

Press Release
Leaders of the "impoverished" Shinnecock Indian Nation will appear before the League of Women Voters of the Hamptons on Monday, September 12, 2011, at 7:00 PM, Hampton Bays Senior Center.  According to a League press release, Shinnecock Chairman Randy King and Trustee Gerrod T. Smith will present "The Shinnecock Indian Nation: Its Past & Future."

This dog and pony show is certainly an educational outreach effort intended to win friends and influence people who can help the tribe and its Detroit-based investors group develop casinos on Long Island.

As reported in the Daily News, an investors group known as Gateway Casino Resorts, was formed by Detroiters Marian Ilitch and Michael Malik for the sole purpose of partnering with the Shinnecock to advance various casino development proposals on Long Island. Crain's Detroit Business reported that they could spend upwards of $1 billion developing Long Island casino projects.

Ilitch and her husband Mike co-founded the Little Caesars pizza chain. He owns the Detroit Tigers. Marian Ilitch bought controlling interest in Detroit's MotorCity Casino from Las Vegas-based Mandalay Resorts in 2005.

Since Ilitch took the helm, MotorCity Casino and its parent company CCM Merger, Inc., have been faced with financial woes. Ilitch got the gambling hall deeper in debt by building on a hotel and conference space.  As such, the company was too highly leveraged.  In fact, so leveraged that she was in violation of covenants with nervous investors. Investors demanded that Ilitch personally inject MotorCity Casino with $45 million cash; and Moody's placed the casino property's parent company, CCM Merger, Inc., on its "Bottom Rung" list anticipating the company could go into default.

Michael Malik is a controversial syndicator who, despite representations, has failed to develop any new casinos since he and Ilitch parted company with former partner Tom Celani more than a decade ago.

Somehow, the "impoverished tribe" and its investors group have spent nearly $2.3 million lobbying for their casino plans in Washington, D.C. In addition, according to information available at OpenSecrets.org,  Malik and the Ilitches have already dropped at least $120,000 in the campaign war-chests of Governor Andrew Cuomo, U.S. Senators Chuck Schumer and Kirsten Gillibrand, and Reps. Charlie Rangel and Tim Bishop.

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Google News: Indian Gaming

NEWS: Bay Mills Indian Community & Casino Proposals

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certainly must reads!

Ilitch has backed loosing sports teams and pizza, but casinos in Detroit? Forbes.com 10.09.06 ● Marian Ilitch #1 on "25 Most Powerful People" to Watch 2006” global gaming business o1.oo.o5 ● My Kingdom for a Casino Forbes 05.08.06 ● Big Lagoon’s casino dream awakens north coast journal 07.28.05 ● Shinnecocks launch legal claim to Hamptons land newsday.com 06.16.05 ● Ilitch Plans to Expand Casino Empire RGTonline.com 07.05.05 ● Ilitch outbids partners MichiganDaily.com 04.14.05 ● Ilitch enmeshed in NY casino dispute detnews.com 03.20.05 ● Marian Ilitch, high roller freep.com 03.20.05 ● MGM Mirage to Decide on Offer for Casino in Detroit rgtonline.com 04.16.05 ● Secret deal for MotorCity alleged freep.com 02.15.05 ● Los Coyotes get new developer desertdispatch.com 02.08.05 Detroit casino figure to finance Barstow project LasVegasSun.com 07.07.03 ● Indian Band trying to put casino in Barstow signonSanDiego.com 06.04.03 Pizza matriarch takes on casino roles detnews.com 10.23.02 ● Vanderbilt gets short straw in negotiations for a casino Lansing Journal 10.06.02 ● Indians aim to drive family from tribe in vicious dispute san diego union tribune 04.09.00 ●Malik owns 2000 Michigan Quarter Horse of the Year Michigan.gov 01.01.00 ● Detroit Team to run Michigan’s newest Indian casino detnews.com 05.23.99 Tiger ties tangle Marian Ilitch detnews.com 04.29.99 ● Three investors must sell their Detroit casino interests gamblingmagazine.com 04.25.99 ● Partners’ cash revived election; They say money was crucial to Prop-E detnews.com 04.25.99 Investors have troubled histories las vegas review journal 04.27.99 ● Investor served probation for domestic assault on 12 year old boy detnews.com 04.25.99 Can a pair win a jackpot?: local men hope to... crainsdetroit.com 03.17.97

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