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Saturday, May 11, 2013

Blinded by Greed



Ya gotta feel sorry for a Tribe so blinded by GREED, they sold their souls to Genting that received a Free Pass from scrutiny by the Gambling Commission or others.  Mired in debt at usury rates, even were a casino constructed, decades would elapse before emancipation from the parasitic investor.

For more information:
Reel Wamps
WampaLeaks
Wampanoag financial backers a terror funding source?
Genting Connected to Islamic Extremists?

Genting was the financier of the Seneca Niagara Casino Hotel in Niagara Falls, New York. Genting charged the tribe an exorbitant 28 percent interest rate, potentially in violation of the Indian Gaming Regulations under the Bureau of Indian Affairs. Genting also stayed in the deal for almost 15 years when they were legally limited to five. Seneca Tribal Council members have testified that armed Chinese thugs showed up to collect Genting’s money when tribal lawyers pointed out that Genting was violating the law.

The Tribe even ignored that Governor Slot Barns promised the Pokassets a casino of their own. Well.....that was before an election, after which amnesia set in. 

The sudden awakening by Casino KoolAid Consuming Rep. Joseph Wagner is revelatory. [See previous mention HERE.] Have any of the Beacon Hill Clowns requested, reviewed, scrutinized the woefully deficient Genting/Wampanoag federal application?


Rep. Wagner was among those little men, enjoying the ego-stroking by Gambling Lobbyists who failed to conduct his due diligence about the catastrophic consequences of Predatory Gambling, ignored the warnings and current reality.



Desperate States are goose-stepping their way to Government Sponsored Bankruptcy by computer and cell phone. Revenues are declining. Gambling Market Saturation defined around the nation, around the globe, as the supply of new Gambling Addicts is exhausted. Lack of Tourism and Lack of Economic Development defined repeatedly. Overstated and irrational projections disproved. Irrational Projections that defy logic repeated by the Gambling Commission.

Not content to merely peer down Alice's Rabbit Hole, these guys joined the Mad Hatter's Tea Party!



Wampanoag's new compact to be debated in House May 15, approval is unclear

It won't get a “rubber stamp” in the Legislature this time - Patrick sure the BIA will approve this new compact
 

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