Word: tribalized
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...than 40% of an Indian casino's profits. Actually, calling these people investors understates their role. They often serve as master strategists who draw up the plans and then underwrite the total cost of bringing a casino online: ferreting out an amenable tribe, paying a signing bonus, picking up tribal expenses and paying the salaries of the tribe's officials, all of this before a spade of dirt is turned. If an Indian band isn't federally recognized as a tribe and is thus ineligible for a gaming venture, these full-service backers will bankroll genealogists to construct a family...
...result, tribes are pretty much free to cut financing deals as they like. Sometimes investors' names surface; sometimes they don't. Tribal leaders don't have to disclose executives' pay or management arrangements, report their profits, issue audited financial statements or divulge self-dealing contracts to the public or their tribe's members. Not all these deals work out for the moneymen, but the ones that do yield spectacular returns. A few of the outside investors have distinctive--some would say controversial--pasts. Here are profiles of three...
...election of President Pervez Musharraf's candidate for Prime Minister of Pakistan is a big victory for Musharraf, and for U.S. efforts to retain Pakistan's support in the war against terror. Zafarullah Khan Jamali, 58, a tribal chieftain from Baluchistan, narrowly defeated his closest rival, a pro-Taliban preacher. But his slim, one-vote majority reeked of political bullying and dealmaking. It was an arrangement rigged outside Parliament, struck in lengthy telephone calls to an exiled politician hoping for a comeback and, a losing candidate claims, tainted by bribes and threats...
...VISTAS Out by the Estrella Mountains, guests can can catch glimpses of wild horses. Trail rides on tamer beasts are available A GAMBLE Pima and Maricopa tribal leaders hope the joint venture with Sheraton will bring money into their community without relying on slot machines?although a casino is just a short trip away INDULGENCE The 16,260-sq.-meter spa is called Aji, a name derived from a place the Pima considered a sanctuary during battle...
...located on the Gila River Indian Reservation, wild horses roam freely across the 16-hectare property, and tamed ones are available for riding. The place has no tepees and no powwows, but ribs from saguaros poke through the ceilings of the meeting rooms, and murals in the lobby recount tribal legends. "It's impossible for guests to leave here and not take at least a little piece of the Pima and Maricopa culture back with them," says sales and marketing director Jim Curtis. It's too soon to tell how the Wild Horse will fare, but Norman MacLeod, a Sheraton...