FHBC propose joint venture to Shoshone-Paiute Tribes for Mountain Home casino
Fort Hall Business Council walk into the Shoshone-Paiute Tribal Headquarters.
OWYHEE, Nev. — The Fort Hall Business Council were invited by the Shoshone-Paiute Tribal Council to attend and present the Shoshone-Bannock Tribes’ Mountain Home casino proposal to the Shoshone-Paiute membership via Facebook Live, along with two other casino proposals. All members of the Fort Hall Business Council attended and met with the newly elected Shoshone-Paiute Tribal Council.
Monte Gray, Asst. General Counsel for the Shoshone-Bannock Tribes, presented the Tribes PowerPoint. The 40-minute presentation was broadcasted on the Shoshone-Paiutes Facebook page, and was shared on the Shoshone-Bannock Tribes Facebook page to keep the membership informed of the proposed joint venture. For those interested in watching, please watch on the Shoshone-Bannock Tribes Facebook page, search & like Shoshone-Bannock Tribes.
The proposed Joint Venture general terms of agreement includes: The Tribes are willing to discuss split up to a 50/50 on total interest in the gaming venture; the proposal to the Shoshone-Paiute Tribes allows them the ability to buy up to 40% interest at actual cost of construction and creation of casino facility and the right to game at the location; if the Shoshone-Paiute do not have cash to invest, the Sho-Ban Tribes agree to carry loan for 0% interest (in buying increments of 10% ownership) in operation which can be repaid from profits from the joint venture; equal opportunity and treatment among Tribes for employment.
Benefits to the Shoshone-Paiute Tribes would be: no upfront monies required except for obtaining a gaming compact, interest in casino gaming operation, increased employment opportunities for their membership and increased revenues to the Shoshone-Paiute Tribe. Benefit to the Shoshone-Bannock Tribes would be increase in financial revenue to provide government services and per capita to the membership, and employment opportunities.
After the presentation there were open questions and dialogue from the Shoshone-Paiute Council and a group prayer was offered by Shoshone-Paiute Council member and elder, Dennis Smith.
As of Tuesday, September 22, the Shoshone-Paiute Tribes have not informed the Shoshone-Bannock Tribes of a decision. The Fort Hall Business Council will meet later this week to further discuss moving forward with a plan and inform the community once it is put into place.
