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Tribal leaders and tribal business experts say the global pandemic has been the latest and clearest sign that tribal governments with casinos can't depend solely on slot machines and poker rooms to support future generations.
Hit hard by COVID-19 shutdowns, Native American tribes with casinos are taking a closer look at diversifying their portfolios to help keep their sovereign nations economically strong for future generations.
Hit hard by COVID-19 shutdowns, Native American tribes with casinos are taking a closer look at diversifying their portfolios to help keep their sovereign nations economically strong for future generations. The Mashantucket Pequots own the Foxwood Resort Casino complex in southeastern Connecticut. The tribe announced last summer that its investment arm acquired a Florida-based management consulting firm that works with various federal agencies. The acquisition marked the tribe’s latest foray into federal government contracting. Other Native American tribes also are looking beyond the casino business after the coronavirus crisis. Some are involved in a wide range of non-gambling businesses, such as trucking, construction, health care and marketing.
When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to...
Casinos and consulting? Pandemic spurs tribes to diversify wshu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wshu.org Daily Mail and Mail on Sunday newspapers.
Casinos and consulting? Pandemic spurs tribes to diversify theturtleislandnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theturtleislandnews.com Daily Mail and Mail on Sunday newspapers.
The pandemic has been the latest sign that tribal governments with casinos can't depend solely on slot machines and poker rooms to support future generations.
Hit hard by COVID-19 shutdowns, Native American tribes with casinos are taking a closer look at diversifying their portfolios to help keep their sovereign nations economically strong for future generations. The Mashantucket Pequots own the Foxwood Resort Casino complex in southeastern Connecticut. The tribe announced last summer that its investment arm acquired a Florida-based management consulting firm that works with various federal agencies. The acquisition marked the tribe’s latest foray into federal government contracting. Other Native American tribes also are looking beyond the casino business after the coronavirus crisis. Some are involved in a wide range of non-gambling businesses, such as trucking, construction, health care and marketing.