It's not as if the Multiple Choice Aquinnah haven't made a mockery out of the process......
Now it becomes clear that their 'partner' lacks experience and is insolvent.
What elected officials are negotiating with this Tribe without conducting their due diligence?
Pretty sad!
Tribe's casino company has trouble in WI
By George Brennan
The newspaper is reporting that KMD and the tribe “mutually agreed” to sever the deal to build an $800 million casino on a former greyhound race track for the Menominee tribe.
The newspaper is reporting that KMD and the tribe “mutually agreed” to sever the deal to build an $800 million casino on a former greyhound race track for the Menominee tribe.
But the newspaper also quotes an unnamed source saying that KMD failed to make a $300,000 payment to the tribe this month, which led to the tribe canceling the deal.
The news comes on the same day that the Times reported that the company and its principals, Kevin Dwyer and Edward Samson, are relative unknowns in the casino industry. The Times quoted several casino experts saying they had never heard of the company and a reference provided by Dwyer saying he worked as a subcontractor on a Detroit MGM casino.
It also comes as the Aquinnah are attempting to rally support in Freetown and Lakeville for two upcoming elections. Freetown voters go to the polls Tuesday and Lakeville follows on Saturday. The tribe has 500 acres under agreement that straddle to the town line and is looking to build a $300 million casino on about 50 of those acres.
Dwyer boasted his ties to Vegas and Indian casinos in landing the deal to develop the Aquinnah casino project.
James McManus, a spokesman for the Aquinnah, said the tribe is aware of KMD's split with the Wisconsin tribe, but is waiting to hear from Dwyer before commenting.
Gambling experts told the Times that top tier casino investors likely shied away from the Aquinnah project because of a legal cloud hanging over it. The Aquinnah and state are in a dispute over whether the Vineyard-based tribe waived its federal rights in a 1987 land deal.
In a statement to the Times for Thursday's story, Aquinnah Chairwoman Cheryl Andrews-Maltais acknowledged some companies were not up for a protracted legal fight and the tribe hired KMD because it demonstrated the resolve to help them.
http://www.capecodonline.com/apps/pbcs.dll/article?AID=/20120525/NEWS11/120529837/-1/NEWSMAP
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