Tribes face scrutiny of gaming revenue amid economic downturn

Friday, July 16, 2010  

The worst economic recession in decades hasn't been kind to many tribes with casinos and some of them are facing even more pressure from outside entities and the federal government.

The Mashantucket Pequot Tribal Nation of Connecticut decided to eliminate per capita payments to its members as it seeks to negotiate $1.3 billion in gaming-related debt. The woes come as tribe's revenues sank to new lows as a result of the recession.

Meanwhile, the Internal Revenue Service is going after three successful gaming tribes. The agency wants to know how the Seneca Nation of New York and the Miccosukee Tribe of Florida are spending their gaming revenues.

And the National Indian Gaming Commission says the Seminole Tribe, also of Florida, misused casino revenues in violation of federal law.

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Gaming Tribes Facing Fresh Financial Scrutiny (GamblingCompliance 7/16)
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