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Casino News:

  First gaming check for Navajo Nation

FARMINGTON-The government affairs manager, Phefelia Bradley announced today that the tribe would be presented a check worth $5 million by the Navajo Nation Gaming Enterprise for the big work in the casino gaming on Navajo land. It has been offered for streamlining of the loans since funded for tribe’s entrance into Indian gaming. Bradley commented that a single payment is better than pay four diverse loan payments that reduce the rate of interest too. He said that this is the initial repayment into the distribution fund and has come after 3 ½ years after opening of tribe’s primary gaming property.

The Fire Rock Navajo Casino came into existence in the month of November, 2008, followed by two more, i.e. Flowing Waster Navajo Casino in Hogback in Oct, 2010 and Northern Edge Navajo Casino at Upper Fruitland in the month of January. The fourth casino, i.e. Twin Arrows Navajo Casino Resort near Flagstaff in Ariz. is also in the pipeline, to be developed fully by August, 2013.

The chairman of the Navajo Nation Council’s Budget and Finance Committee, LoRenzo Bates said that approval of a revenue distribution plan was mandatory for the Nation. Bradley commented that the 24-member Navajo Nation Council takes the decision for the nature of expenses and their particular procedure. Per capita payments are not allowed and hence the money is not accessed by the individuals, he said. Revenues can only utilized for genuine purposes as per the terms of the Indian Gaming Regulatory Act, inked in 1988 by the Congress, i.e. donations to charitable organizations, economic development & general welfare of the Indian tribe and help the operations of local government and tribal government operations etc.


   2012-07-09






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