A federal court actually allowed an American Indian tribe to get out of a $50 million bond it owed to a private investor, raising concerns among other tribal-casino lenders. The 3,500-member Lac du Flambeau Band of Lake Superior Chippewa Indians, in northern Wisconsin, said $782,000 in monthly bond payments were bleeding it dry so last fall, it stopped making them, arguing that the deal was invalid.
About Citizens Against Expanded Gambling
Founded in 2015, Citizens Against Expanding Gambling (CAEG) is the only organization exclusively dedicated to lobbying against the expansion of gambling in Wisconsin. We inform, equip and engage 1,000s in our statewide grassroots coalition of citizens, employers and community leaders who share a common concern about the explosion of gambling in Wisconsin. Join our coalition today by signing our petition here. We have successfully fought back the legalization of Daily Fantasy Sports (the entrée to online gambling) in 2016 and 2017.
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