{"id":88374,"date":"2018-09-18T06:02:50","date_gmt":"2018-09-18T13:02:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=88374"},"modified":"2018-09-18T06:04:32","modified_gmt":"2018-09-18T13:04:32","slug":"genting-considering-recovery-of-400-million-mashpee-casino-loan","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/","title":{"rendered":"Genting Deliberating Recovery of $400 Million Investment in Massachusetts Casino After DOI Leaves Tribe High and Dry"},"content":{"rendered":"

Malaysian casino giant Genting says it is \u201cdeliberating the appropriate course of action\u201d in relation to $400 million loaned to the Mashpee Wampanoag tribe to build a $1 billion casino in Taunton, Massachusetts — a project that suddenly faces huge hurdles.<\/p>\n

\"Mashpee
The Mashpee Wampanoag celebrate the 2015 decision to place land into trust that led to the declaration of the tribe as a sovereign nation, a decision that has been reversed under the Trump administration. (Image: Indianz.com)<\/figcaption><\/figure>\n

In a filing to Bursa Malaysia this week, the country\u2019s stock exchange, Genting notified investors it was \u201cworking closely with the tribe to review all options available for the Group\u2019s investment in the promissory notes as well as its recoverability.\u201d<\/p>\n

The full figure, including accrued interest, is $428 million, according to the filing.<\/p>\n

On September 7, the US Department of the Interior ruled that it could not hold land in trust for the tribe<\/a>, reversing a decision made by the Obama administration in 2015.<\/p>\n

The 2015 DOI decision took 321 acres into trust for the Mashpee, later declaring it the tribe\u2019s sovereign reservation, but the reversal has not only nullified the tribe\u2019s hopes of building its casino, but also quashed its right to self-governance and economic self-determination.<\/p>\n

Vote to Legalize Casinos Was to Include Mashpee<\/strong><\/h2>\n

The tribe broke ground on the casino in 2016 after securing the Genting financing but the project was put on hold by a legal challenge funded by out-of-state casino developer, Neil Bluhm, who wanted to build a casino in Brockton, 15 miles away.<\/p>\n

\n

State residents voted to legalize casinos in 2011, creating three licensing zones. According to a pro-Mashpee editorial in the Boston Globe<\/em> this week, \u201c[state] law envisioned the tribe would operate the third and final resort casino authorized by the state, in Southeastern Massachusetts\u201d and the Taunton casino largely had the backing of local residents.<\/p>\n<\/div>\n

But federal law sided with the opponents of the Taunton casino. In 2016, a US District Court Judge ruled<\/a> the 2015 resolution had bypassed a Supreme Court decision known as the Carcieri Decision, which called into question the federal government\u2019s ability to grant land in trust for tribes recognized after Indian Reorganization Act of 1934.<\/p>\n

Bill Remains a\u00a0<\/strong>Long Shot<\/h2>\n

The Mashpee was granted federal recognition in 2007, although it claims its ancestors have occupied the land since time immemorial. It traces its ancestry to the Indians that broke bread with the Pilgrims in the 1600s at the very first Thanksgiving.<\/p>\n

Genting notes legislation has been introduced in Congress that would safeguard the land as a reservation for the Mashpee and potentially revive the casino project. The bill, filed in March by US Representative William Keating, is a heavy lift, but Keating believes there is hope.<\/p>\n

\u201cIn what is often a sea of discord, I have key Republican sponsors,\u201d he told the Boston Globe<\/em> this week.<\/p>\n

The Globe<\/em> said it believed the passing of Keating\u2019s bill should be a \u201ca top priority\u201d for the entire Massachusetts congressional delegation, describing the present situation as a \u201cnational embarrassment\u201d and a \u201cspecial embarrassment for Massachusetts\u201d as the 400th anniversary of the Pilgrim landing approaches.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Malaysian casino giant Genting says it is \u201cdeliberating the appropriate course of action\u201d in relation to $400 million loaned to the Mashpee Wampanoag tribe to build a $1 billion casino in Taunton, Massachusetts — a project that suddenly faces huge hurdles. In a filing to Bursa Malaysia this week, the country\u2019s stock exchange, Genting notified […]<\/p>\n","protected":false},"author":36,"featured_media":88376,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,10,60,13,18,61,18456],"tags":[],"acf":[],"yoast_head":"\nGenting Considering Recovery of $400 million Mashpee Casino Loan<\/title>\n<meta name=\"description\" content=\"Genting Malaysia is examining its options in the wake of a Department of the Interior decision that it cannot hold land in trust for the Mashpee Wampanoag tribe of Massachusetts, one of which is \u201crecovery,\u201d it said in a filing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genting Considering Recovery of $400 million Mashpee Casino Loan\" \/>\n<meta property=\"og:description\" content=\"Genting Malaysia is examining its options in the wake of a Department of the Interior decision that it cannot hold land in trust for the Mashpee Wampanoag tribe of Massachusetts, one of which is \u201crecovery,\u201d it said in a filing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-18T13:02:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-18T13:04:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/\",\"url\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/\",\"name\":\"Genting Considering Recovery of $400 million Mashpee Casino Loan\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg\",\"datePublished\":\"2018-09-18T13:02:50+00:00\",\"dateModified\":\"2018-09-18T13:04:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Genting Malaysia is examining its options in the wake of a Department of the Interior decision that it cannot hold land in trust for the Mashpee Wampanoag tribe of Massachusetts, one of which is \u201crecovery,\u201d it said in a filing\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg\",\"width\":2048,\"height\":1365,\"caption\":\"The Mashpee Wampanoag celebrate the 2015 decision to place land into trust that led to the declaration of the tribe as a sovereign nation, a decision that has been reversed under the Trump administration. (Image: Indianz.com)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tribal Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/tribal-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Genting Deliberating Recovery of $400 Million Investment in Massachusetts Casino After DOI Leaves Tribe High and Dry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Genting Considering Recovery of $400 million Mashpee Casino Loan","description":"Genting Malaysia is examining its options in the wake of a Department of the Interior decision that it cannot hold land in trust for the Mashpee Wampanoag tribe of Massachusetts, one of which is \u201crecovery,\u201d it said in a filing","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/","og_locale":"en_US","og_type":"article","og_title":"Genting Considering Recovery of $400 million Mashpee Casino Loan","og_description":"Genting Malaysia is examining its options in the wake of a Department of the Interior decision that it cannot hold land in trust for the Mashpee Wampanoag tribe of Massachusetts, one of which is \u201crecovery,\u201d it said in a filing","og_url":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-09-18T13:02:50+00:00","article_modified_time":"2018-09-18T13:04:32+00:00","og_image":[{"width":2048,"height":1365,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/","url":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/","name":"Genting Considering Recovery of $400 million Mashpee Casino Loan","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg","datePublished":"2018-09-18T13:02:50+00:00","dateModified":"2018-09-18T13:04:32+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"Genting Malaysia is examining its options in the wake of a Department of the Interior decision that it cannot hold land in trust for the Mashpee Wampanoag tribe of Massachusetts, one of which is \u201crecovery,\u201d it said in a filing","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/mashpee.jpg","width":2048,"height":1365,"caption":"The Mashpee Wampanoag celebrate the 2015 decision to place land into trust that led to the declaration of the tribe as a sovereign nation, a decision that has been reversed under the Trump administration. (Image: Indianz.com)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/genting-considering-recovery-of-400-million-mashpee-casino-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Tribal Gaming","item":"https:\/\/www.casino.org\/news\/tribal-gaming\/"},{"@type":"ListItem","position":3,"name":"Genting Deliberating Recovery of $400 Million Investment in Massachusetts Casino After DOI Leaves Tribe High and Dry"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/88374"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=88374"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/88374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/88376"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=88374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=88374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=88374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}