Contracts for supplies, services or concessions above $25,000 annually are subject to independent audits. The Indian Gaming Regulatory Act says that net revenues from any tribal gaming are not be used for purposes other than funding tribal government operations, providing for the general welfare of the tribe and its members, promoting tribal economic development, donations to charitable organizations or funding the operations of local government agencies. One said his wife invested and the other said he was given shares, according to the Journal. The Journal didn’t name the North Carolina politicians but reported that it spoke with them. Several former local North Carolina politicians or their relatives also have stakes in King Mountain Equipment Supply, the Journal reported, citing documents it reviewed. They hold stakes in AGS of North Carolina, a company that has a 10.1% stake in King Mountain Equipment Supply, according to the Journal. I don’t get his permission, and I don’t give him mine,” Clyburn told the Journal.Ī high-profile Republican lawyer and a Democratic political operative also hold small stakes, indirectly, in a slot-machine leasing company, which gets 20 cents of every $1 in profits the casino generates from its slot machines, according to the Journal. Clyburn, who wrote legislation to secure the Catawba’s land in North Carolina, told the Journal that he didn’t care if his brother was making money off legislation he helped enact. Jim Clyburn, were small stakeholders in a company that provided slot machines to the casino and received regular payments from the proceeds of the machines.Ĭlyburn’s congressional office said he was unavailable for comment but that he was not involved in any investigation. The newspaper reported that relatives of prominent South Carolina politicians, including the brother of U.S.

The Wall Street Journal first reported the existence of an investigation.

Actions by the tribe’s vendors outside the confines of the IGRA are not within the scope of the agency’s jurisdiction.’” The Catawba said the NIGC “expressly told us that this was limited ‘to the requirements of the Indian Gaming Regulatory Act, including ensuring that the tribe maintains the sole proprietary interest in its gaming operations.

Kings mountain casino news 2018