Printer Friendly

GRAND CASINOS SERVED WITH TWO SUITS BY INDIVIDUALS UNRELATED TO COMPANY, PARTNER TRIBES OR BUREAU OF INDIAN AFFAIRS

 MINNEAPOLIS, Jan. 15 /PRNewswire/ -- Grand Casinos, Inc. (NASDAQ: GRND) today announced that three individuals, who have reportedly brought over 40 suits against other management companies and vendors that deal with Indian tribes, have brought two separate suits against Grand Casinos in federal court in Minnesota. Using a "bounty hunter" provision, the suits allege that Grand Casinos violated federal laws enacted in 1834 and 1871 relating to dealings with Indian tribes. Grand Casinos said these individuals are unrelated to Grand Casinos, the Indian tribes with which it currently has contracts or government bodies with which it works.
 Thomas J. Brosig, chief operating officer of Grand Casinos, stated "We have reviewed the complaints and believe that the suits are entirely without merit. The company plans to defend the suits vigorously."
 One suit relates to the company's transactions with the Mille Lacs Band of Ojibwe. Brosig stated, "Grand Casinos' management agreements with the Mille Lacs Band relating to Grand Casino Mille Lacs and Grand Casino Hinckley were approved by the U.S. Bureau of Indian Affairs. Grand Casinos has obtained all requisite licenses and approvals with respect to the management of these Indian-owned casinos." The Mille Lacs Band has advised the company that it strongly opposes this suit and that it will fully cooperate with the company in the company's defense.
 The second suit relates to the company's relationship with the Lac Courte Oreilles Band of Lake Superior Chippewa, which, as previously announced, was terminated on mutually agreeable terms. The company's prior business transactions with the Lac Courte Oreilles Band involved less than $700,000 in total, and did not, the company believes, require approval by the Bureau of Indian Affairs.
 Brosig said the three individuals brought the suits on behalf of themselves and the United States government. The suits seek forfeiture by Grand Casinos of unspecified amounts. Under federal law, private plaintiffs may, under certain circumstances, retain up to one-half of the proceeds forfeited as a bounty.
 Grand Casinos, Inc. develops and manages casino gaming facilities for Indian tribes on Indian land and is currently developing its own gaming facilities which are not located on Indian land. The company's common stock is traded on the NASDAQ National Market System under the symbol GRND.
 -0- 1/15/93
 /CONTACT: Tom Brosig, Grand Casinos COO, 612-499-9092, or, for Grand Casinos, at The Financial Relations Board, Michael Rosenbaum, Audrey Lowe, 312-266-7800/
 (GRND)


CO: Grand Casinos, Inc. ST: Minnesota IN: CSO SU:

KH -- MN011 -- 5503 01/15/93 16:14 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 15, 1993
Words:415
Previous Article:HARISTON CORP. ANNOUNCES PRIVATE PLACEMENT
Next Article:/C O R R E C T I O N -- TSS Earnings/
Topics:


Related Articles
GRAND CASINOS SIGNS AGREEMENT WITH LAC COURTE OREILLES BAND; PACT COULD COVER TWO INDIAN GAMING FACILITIES IN WISCONSIN
GRAND CASINOS ACTIVITIES UNAFFECTED BY NEW VIDEO GAMING RULINGS; FIRM NOTES ALL PLANNED AND PENDING ACTIVITIES COVERED BY COMPACTS
GRAND CASINOS, INC. ANNOUNCES SIGNING OF COMPACT BETWEEN THE STATE OF LOUISIANA AND THE TUNICA-BILOXI TRIBE
GRAND CASINO, INC. ANNOUNCES SIGNING OF COMPACT BY THE STATE OF LOUISIANA AND THE COUSHATTA TRIBE
GRAND CASINOS WITHDRAWS REQUEST FOR APPROVAL BY BIA ITS MANAGEMENT CONTRACT WITH LAC COURTE OREILLES BAND OF LAKE SUPERIOR CHIPPEWA
MORONGO TRIBE SUPPORTS FEDERAL INVESTIGATION OF CASINO'S MANAGEMENT FIRM
MORONGO TRIBE SUPPORTS FEDERAL INVESTIGATION OF CASINO'S MANAGEMENT FIRM
LEGAL ACTIONS AGAINST GRAND CASINOS DISMISSED
JUDGE TO RULE ON MOTION REGARDING TRIBAL/STATE COMPACT
GRAND CASINO COUSHATTA OPENS IN SOUTHWEST LOUISIANA

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters