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Seminole Group Ends Legal Fight over Confidential Investment Details

Saturday, January 25th, 2020

Seminole Group Ends Legal Fight over Confidential Investment Details

The Seminole group of Fl fallen on Friday its court filing geared towards preventing the disclosure of just what it thought was actually private information that is financial the group’s casinos in addition to their financial efficiency in 2015. Tribal officials chose to shed the declare after governmental reports book POLITICO revealed certain monetary info.

Lawyers for the tribe requested a neighborhood judge to block POLITICO from posting information from Seminole video gaming Chief Executive Officer Jim Allen’s deposition, so as for Seminole officials to have enough time to establish if the stated ideas included trade secrets.

Nevertheless, the news publication released early in the day this month an article about Mr. Allen along with his deposition that is recent which it quoted the executive saying that the group created a total of $2.4 billion in earnings in 2015, of which $2.2 billion came from playing businesses.

Mr. Allen’s report being made use of as evidence for the trial that is federal the Seminoles while the county of Fl, and that’s planned because of this October. The two people being closed in a greater than a year-long verbal and judge fight on top of the tribe’s directly to end up being the sole supplier of blackjack and various other desk games within Florida’s borders.

Final summer, the Seminoles recorded a lawsuit after specifications in the state to its gambling contract concerning their black-jack dominance ended. (more…)