Home > Indian Gaming

Chickasaw Nation in court over failed non-Indian gaming deal

Filed Under: Business Deals | Litigation
More on: chickasaw, louisiana, mississippi, oklahoma
   
The Chickasaw Nation of Oklahoma is in court over a failed deal to buy two non-Indian casinos.

Global Gaming Solutions, a tribal subsidiary, planned to buy DiamondJacks casinos in Bossier City, Louisiana, and Vicksburg, Mississippi, for $125 million. But the tribe says current owner, Legends Gaming, failed to make investments in the facilities and wants the the company to return of a $6.25 million deposit.

"The debtors failed to invest in necessary capital expenditures, and, further, failed to invest in even the most basic maintenance capital and operating expenses," the tribe said in a court filing, the Associated Press reported.

Legends has filed for bankruptcy.

Get the Story:
Tribe and DiamondJacks owner sue each other (AP 2/7)

Related Stories:
Chickasaw Nation exits from deal to buy non-Indian casinos (2/4)

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.