Should The Casino Pay Up?
When someone signs a "marker" at a casino, they receive money upfront in exchange for their promise to repay the casino. If they don't pay when the marker comes due ... well, let's just say that the casino will not be shy about using every means available to collect on the debt.
So now we learn that the Potawatomi tribe, which won over $350 million from gamblers over the last fiscal year, is refusing to pay the State the $25 million it owes under the compact that allows the tribe to operate a casino in Milwaukee.
The Potawatomi claim that if a casino is permitted to open in Kenosha, they will not owe the State any money. As a result, even though there is no such casino in Kenosha yet, the Potawatomi tribe is apparently trying to withhold payments as a way of pressuring Governor Walker. Presumably, if the Governor says "no" to a casino in Kenosha, the Potawatomi will then pay what it owes.
Under the gambling compact, if a casino is ultimately built in Kenosha, arbitrators will decide what compensation - if any - the Potawatomi is entitled to. Nothing in the agreement however seems to allow the Potawatomi to unilaterally withhold payments that are already due.
During the 1 p.m. hour, we'll discuss whether the tactic being employed by the Potawatomi tribe is legitimate and how the State of Wisconsin should respond?
Please feel free to share your thoughts in the Comments section - and be sure to check back later to hear a replay of the segment.