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der=0 cellpadding=3 cellspacing=0 width=100%> Mohawk casino details revealed
MAY 3, 2000

Park Place Entertainment revealed that it plans to spend $65 million on the Kutsher Resort Hotel and Country Club in the New York Catskills. CEO Arthur Goldberg said the company paid $250,000 for the 50 acres it intends to use to develop a casino for the St. Regis Mohawk.

Government officials and gaming industry peers believe Park Place entered into a partnership with the tribe in order to derail a casino from ever opening in the region.

Goldberg and Park Place are currently at the center of a dispute over partnerships with the tribe. See Mohawk deal crucial for tribe (Money Matters 5/3).

Get the Story:
Mohawk casino would compete with Atlantic City (Money Matters 5/3) Park Place details casino spending plan (The Albany Times Union 5/3)
Mohawk partner buys resort (5/2)