1987. At this time the Mashantucket Pequots secured a $4 million loan from the Arab American Bank. The bingo hall netted $13 million in gross sales and yielded $2.6 million in profits in its first year of operation. Today, the Pequots are one of the most respected Indian Nations in Native America because of the way they have used the success of Foxwoods Resort Casino to reconstruct their infrastructure and tribal homeland. Currently, the casino is still expanding. The Pequots are building a 17- story
Pequot tribe is a Native American nation in Connecticut State which is federally recognized by the United States government. It was recognized in 1983 by the congress and is considered to be the eighth tribe to be recognized by the United States government through congressional procedure. There are different views regarding Pequot tribe based on its past history and the tribe’s present activities. This paper deals in discussing views of various sources regarding the Pequot tribe and compares various
Indian casinos don’t always improve the lives of the tribe members. In an article titled "Casinos Not Paying Off for Indians" the writer makes an attempt to prove most of the Native American casinos do little to improve the lives of the tribe members. The Apache Gold Casino in San Carlos, Arizona is a golf and gambling resort with a $40 million hotel. A plaque outside the resort declares the resort has “helped enable the San Carlos Apache Tribe to give a better quality of life to its tribal members
There are a number of challenges, faced by Native American tribes around the end of the twentieth century, which require an examination. Phillip Martin discussed the economic problems that the Choctaw faced in "Philip Martin (Choctaw) Discusses the Challenges of Economic Development, 1988." He stated, "For many years the Choctaw people were at the bottom of the economic and social ladders, practically all of them subsisting as sharecroppers" (p. 487). Sharecroppers were extremely poor, hardly more
Should Gambling Be Legalized? Over the past twenty or so years, great wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling. However, with twenty years of experience it is time to look back and analyze whether this is true or not. It could easily be said that gambling is as American as apple pie. Gambling has shaped American history since its beginning. Lotteries were used by The First Continental Congress to help