|
RI gambling dispute headed to trial |
|
Written by Administrator
|
|
Tuesday, 09 March 2010 |
RI gambling dispute headed to trial
By Associated Press
Monday, March 8, 2010
CHARLESTOWN, R.I. — A $10 million dispute between the Narragansett Indian Tribe and its former gambling partner appears headed to trial after efforts at reaching a settlement failed.
Paul Beckwith, a lawyer for Capital Gaming International LLC, tells The Westerly Sun of Westerly that a trial date will likely be set later this month.
CGI alleges that when the Narragansetts began receiving a share of Twin River’s proceeds three years ago, it triggered the repayment of a $10 million promissory note the tribe signed that required monthly payments to CGI 60 days after the opening of "any gaming casino or similar facility, project or enterprise."
CGI claims the tribe’s proceeds from Twin River are the same as if it opened its own facility.
The tribe says it is only required to repay CGI if it gets its own casino.
http://news.bostonherald.com/business/general/view/20100308ri_gambling_dispute_headed_to_trial/srvc= |
