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Trump was paid $6 million in the buyout, but missed out on two and half years of management revenue, which would have been worth about $20 million if casino revenues held steady. The buyout fee had been set at more than $11 million, according to SEC filings, so the tribe must have talked it down in negotiations.
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“It sounded like they were close to violence and I didn’t want that kind of thing on my watch,” Symington said.
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The new site was closer to the interstate. It was adjacent to the Tidewater Community College campus, and had been planned for a town center called Victory Village. That project, also known as The Commons at Portsmouth, had not materialized and the developer resold the land back to the Portsmouth Economic Development Authority. The 50 acres could support development of a larger entertainment district with retail shops, restaurants, and meeting space.
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The new economic analysis indicated that there was not sufficient demand to construct a $700 million complex equivalent to the MGM National Harbor casino and resort hotel in Maryland. The city's analysis identified a potential for a $375 million complex, while the gaming study produced by the Joint Legislative Audit and Review Commission considered a $300 million facility. The smaller facility would create 1,700 rather than 3,500 jobs. It would generate $6.4 million annually in tax revenues for Norfolk, far below the $33 million in the most-optimistic early projection by the tribe's consultants.
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Major charity efforts Sneed’s tribe has undertaken during the pandemic include food distribution to the community during most weeks of the month for the last eight to 10 months. The tribe also undertook an assistance program to help members pay their utility bills and two rounds of a general stimulus of $500 per child, per household, as well as worked with Second Wind Dreams and Meals on Wheels Association. Harrah's Cherokee Casino Resort
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In recent years, the Shoshone-Paiute Tribes have considered several proposed partners for a casino venture, including the Shoshone-Bannock Tribes.
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When this site and everywhere else talks about California’s 66 Indian casinos, we’re talking about Class III gaming casinos — which offer the types of table games and slot machines we all associate with casinos.
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• 2019 — Three other tribes take a different approach by suing the state in federal court for failing to uphold Proposition 1A by allowing card rooms to offer house-banked card games. The lawsuit is quickly dismissed, with the Ninth Circuit Court of Appeals later upholding that ruling in late 2020.
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