Copley's James P. Sweeney reports today that investors across the U.S. are being pitched about a big Indian casino to be built near Magic Mountain in Valencia, involving a Native American band up around Mt. Shasta, 600 miles north. The pitches are coming from a Los Angeles man named Tom Kelly, says the story in the San Diego Union. A spokesman for the Shasta Nation says they don't know what Kelly's up to, and adds they aren't a federally recognized tribe anyway (and thus can't run a casino.) "It shows the hustlers are moving in to try to exploit small investors with hopes of making huge profits from off-reservation Indian gaming," said Peter Melnicoe, former general counsel to California's gambling commission. "It shows how out of hand this is getting."

More: Los Angeles
© 2003-2009   •  About LA Observed  •  Email the editor
LA Biz Observed
4:03 PM Fri | CBS and ABC have far bigger fish to fry - namely whether their stations can get back the auto and retail advertising that fell off a cliff in 2009.
Native Intelligence
Jenny Price | Recycling!
Veronique de Turenne | And there's still time to take part!
Phil Wallace | Searching for answers after a third loss this year.
Deanne Stillman | Jihad and cash offers meet American soldiers during the Gulf War, and beyond.
Iris Schneider | After a tough year financially, the Museum of Contemporary Art put on a gala party to celebrate with 1,000 of its closest friends.
Jenny Burman
Thinking more about buying less.
Here in Malibu
Seriously -- turn out the lights.
Sponsors
Jewish Journal logo
The California Wellness Foundation
Playa Vista ad
Blogads

Blogads Los Angeles network

Get RSS Feeds
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.




Add to Google