The suit charges that Park Place induced officials with the St.Regis Mohawk Indian tribe to terminate its contractual agreementwith Catskill Development to build and manage a $500 million casinoat Monticello Raceway. Officials representing Park Place say thatthey have yet to see the lawsuit and therefore have no comment onthe charges.

In addition to Catskill Development, also listed as plaintiffsare Mohawk Management LLC and Monticello Raceway DevelopmentCompany LLC. Alpha Hospitality, a publicly traded gaming company,has ownership interest in all three entities, according to AlphaHospitality executive vice president Thomas Aro.

Catskill Development, which is represented in the court actionby noted attorney Thomas Puccio, states in its suit that shortlyafter the Bureau of Indian Affairs approved its application tobuild a casino at the Monticello Raceway site on April 6, 2000,Park Place officials lured the St. Regis Mohawks away from theproject.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.