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Cherokee gaming LLC to expand its reach – Smoky Mountain News

The company the Eastern Band of Cherokee Indians formed earlier this year to purchase Caesar’s Southern Indiana Casino hopes to branch out its business interests, receiving approval from Tribal Council Dec. 9 to invest up to $12 million in gaming-related technologies and pursue construction of a sports betting bar on the tribe’s Exit 407 property  in Sevier County. 

“We’ve looked at over 20 companies, six of which we really like,” said Scott Barber, CEO of EBCI Holdings, Inc., of the $12 million investment. “They’re in various stages of Series A and B. Those are investment windows that are open for short periods of time.”

The $12 million investment would bolster the company’s mandate to develop commercial gaming ventures for the tribe and is also expected to yield a high rate of return, Barber said. The funds will come from the tribe’s existing investment accounts, which yield an annual return of about 10%. Barber expects that most of the anticipated investments will yield a return of three to five times the original amount once the company exits the investment. 

“We’re striving for a much higher return on investment,” he said. 

Most Tribal Council members supported the request, though some said they needed time to learn more before committing. 

“It’s easy to prey upon people who don’t have the information and take advantage of them and that’s what I feel like,” said Big Cove Representative Teresa McCoy. “I’m not going to do it.”

The requested $10 to $12 million is a lot of money, she said, and she doesn’t feel comfortable allocating that amount to off-Boundary business efforts when there’s great need at home. 

“This is $10 to $12 million, and I am not comfortable with it because I know that tonight in my community there’s going to be homeless people,” she said. “There’s going to be hungry people.”

Yellowhill Representative T.W. Saunooke disagreed, saying he sees the resolution as an opportunity to reallocate current investments to bring back a higher rate of return. 

“I have an educated decision that I’m able to make based off the information that’s been given to me,” he said. “The other comments about me not knowing, I kind of take a little offense to that.”

Snowbird/Cherokee County Representative Adam Wachacha said that pursuing investments like the one proposed is crucial in light of the Catawba Indian Nation’s planned casino</…….

Source: https://smokymountainnews.com/news/item/32766-cherokee-gaming-llc-to-expand-its-reach

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N.F.L. Christmas Schedule: What to Watch For in Today’s Games – The New York Times

It’s not a misprint.

If you’re scrolling through your television listings on Christmas Day, you’ll see two N.F.L. games on the schedule, which could be a bit of a reprieve from the holiday meal and festivities (or from the slate of N.B.A. games).

One of the matchups, on paper, should be better than the other, but both games will feature high-profile stars, including Aaron Rodgers, the league’s reigning most valuable player, as well as Davante Adams, Kyler Murray, Myles Garrett and Jonathan Taylor.

Below is everything you need to know about the N.F.L.’…….

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Warhammer 40,000 Finds New Fans During Pandemic Gaming Boom – The New York Times

Looks like it’s time to break out the games again. Though, if you’re one of thousands of people around the world who play Warhammer, you probably never put it away in the first place.

Warhammer 40,000, a tabletop game set in a dystopian fictional universe, is not new. But a pandemic-fueled frenzy for science fiction and fantasy games like Dungeons & Dragons has introduced it to a whole new group of players.

Often referred to as Warhammer 40k, the game is played on tabletop terrains with models that players assemble, modify and paint. The game itself requires a lot of arithmetic, as well…….