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  • Thu, Aug. 25, 10:50 AM
    • The Department of Justice appealed a ruling from a federal judge that blocked proposed casino development on land owned by Indian tribe Mashpee Wampanoag.
    • The $1B First Light Resort and Casino will be run by Genting Malaysia (OTCPK:GMALF) if it is developed.
    • The issue boils down to if federal jurisdiction for the Mashpee Wampanoag reservation applies to the area near Boston where the casino is scheduled to be built.
    • The Mashpee Wampanoag were acknowledged as a federally recognized tribe again in 2007 and now hold full tribal sovereignty rights.
    • Wynn Resorts (WYNN +0.9%) also has plans for a casino in the Boston market. The Wynn Everett is scheduled to be opened in 2019.
    | Thu, Aug. 25, 10:50 AM | 1 Comment
  • Wed, Jul. 13, 1:46 PM
    • The final decision on a massive casino in Massachusetts under development by the Mashpee Wampanoag Tribe rests in the hands of a federal judge after a hearing concluded earlier this week.
    • If the judge approves the development, Genting Malaysia (OTCPK:GMALF) is set to run the hotel-casino complex which will be located within 50 miles of a new casino planned by Wynn Resorts (WYNN -1.9%) for outside of Boston.
    | Wed, Jul. 13, 1:46 PM | 4 Comments