It's hard to know how well Pala's online gaming business is doing. But we can infer some things from the news.
From this article:
uspoker.com - Will A Hard Rock-Branded Online Casino In New Jersey Flourish Or Flounder?
Excerpt:
Latecomers have gained significant market share
The NJ online poker and casino industries consisted of far fewer sites in November 2013, the month when the first wave of regulated sites went live. And all of them have performed admirably.
Pala Casino launched in November 2014. Despite being a relatively unknown quantity in New Jersey, the San Diego-based brand now accounts for a significant portion of Borgata AC online casino revenue.
How much? According to the latest US iGaming Tracker report from Eilers & Krejcik Gaming, the casino has captured 15 percent of Borgata’s online market share, which translates into roughly $5.6 million in revenue generated per year.
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You can read the entire article at the link above.
So, after an alleged $100 million investment by the Pala Band of Mission Indians about 4 years ago Pala Interactive seems to be generating about $5.6 million a year in revenue, at least in New Jersey.
21 comments:
That is a humiliating return on investment. By comparison Pala Casino started off with an investment of $125 million and within four years was generating over $400 million a year and paying out $5K a month per capita.
PBMI will never get anything out of Pala Interactive except debt. Smith will sell the software licensing rights, keep the money and leave PBMI holding the bag for operating costs of a venture in which the Band has no ownership interest.
Hilarious!
The Header should be, " HOW WELL IS ROBERT SMITH AND HIS ASS KISSERS
DOING WITH INTERNET GAMMING.
TOTAL INVESTMENT OF PERSONAL FUNDS,$000000
TRIBAL MONEY INVESTED,$$$$$$$$$$$MILLONS.
PERSONAL INCOME FROM INTERNET GAMMING,$$$$$$$MILLIONS
TOTAL INCOME TO PALA BAND MEMBERS, $00000000.
And still nobody will lift a finger to do anything about it. I know some people that have been gathering a lot of documents and stuff about the theft and corruption Pala by the EC but not sure what they plan on doing with it or who they will turn it over to. Hopefully the Feds step in soon because waiting for smith to pass is taking too long.
how did that confrence go in az yesterday,antone know
yes, antone knows. Check with him...
Was up antone
Give us the lowdown on the hey hey
Better be careful or Robert Trump, Chairman of the Pala Band will have you deported if you have more blood of the band than he does.
Which is not hard to be, because he has ZERO-oooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo.
Half German and half honkey or donkey sounds more like it because he is a big ASS.
Send letters to the Mission at Pala and have Nieto taken off as the helper at the services on Sunday.
Why would anyone take the body of Christ from the hands of devil,
Theresa Nieto.
Address is Mission San Antonio De Pala
PO BOX 70, Pala, Ca 92059
And also send letters to the San Diego office.
Diocesan Pastoral Center
PO Box 85728
San Diego,Ca. 92186-5728
This is one good reason why this site needs to stay up.
This is the only place where Tribal Members can get information on certain issues concerning the investments of the Band.
We can't get this information from the EC at the meetings.
Keep up the good work Joe Harris.
Joe Harris is committed to bringing the truth to the Tribal Members and we praise him his outstanding work and bringing this info to the members of the Pala Band. Thank you Mr. Harris.
Yes sir Mr. Harris keep up the good work.
At least we can get some idea how bad we are getting screwed by our
leaders that are supposed to help the Band get better and prosper with
the money from the Casino and other investments.
How long will the Members put up with the corrupt Chairmen and his co-partner Theresa Nieto.
If you only new how many so called bad investments were all a front for them to put the money else where, like in there pockets.
Even a blind person can detect the corruption in Pala, but all the Members are doing nothing about anything.
Just wait and see what will happen when its all gone and you have nothing but memories left of how good it could have been if only you would have spoken up.
These articles are all factual and can be verified.
Along with the posting of the articles Mr. Harris gives you the links in which he obtained the info from.
So all of the crybabies that get mad about the postings are just that,
crybabies, or EC followers that are helping to cover up the wrong doings of the EC and don't want the Members of the Band to see any of
investments made on behalf of the Band.
What makes you think the EC makes investments on behalf of the Band? Shouldn't the Band benefit from such investments? So where is the money? Where is the list of investments? How much money was invested? How much is it supposed to make? Why does the Band always invest in risky ventures that lose money? No answers from Smith and Nieto. Members asking these questions won't stay members for long.
All the investments are fake and there is no proof that the EC even invested the money.
If there was any proof the EC should show it to the Members who have a right to know where and how much was invested.
It's all a cover up so they, the EC can spend the money on there pleasure outings and personal gain and at the end claim it was a bad investment. And no one questions it being afraid of punishment by
the Chairman of year and his butt plug Nieto.
Just think about it. All of the economic development money for over 15 years. That's over $200 million gone. If the Band had just invested in Apple or Google stock there would be over half a billion dollars for the future. Instead it was all stolen or squandered. That's what happens when crooks run the show.
Question for the Members of the Pala Band.
WHEN ARE YOU PEOPLE IN PALA GOING TO REALIZE THAT ROBERT SMITH ARE BAD FOR THE RESERVATION?
IF THEY WERE GOOD LEADERS THEY WOULD NOT BE HIDING INFORMATION FROM TRIBAL MEMBERS ABOUT THE FINANCES OF THE BAND.
THEY MAKE THESE SO CALLED INVESTMENTS ON BEHALF OF THE BAND WITHOUT ANY INPUT FROM THE MEMBERSHIP AND IF THE INVESTMENT GOES BAD THEY SAY IT WAS A BAD DEAL AND THE MONEY WAS LOST.
AFTER A FEW OF THESE SO CALLED BAD DEALS THE BAND SHOULD REALIZE THAT THEY ARE GETING LIED TO BY SMITH AND NIETO AND YOU VICE CHAIRMAN IS A FUCKING JOKE AND IS EASILY PERSUADED TO FOLLOW THE OTHER TWO.
ALL IT TAKES IS A PROMISE TO LET HIM USE THE JET TO GO GOLF SOMEWHERE
AND THEY HAVE HIS VOTE.LETS SEE A TRIBAL MEMBER TRY AND USE THE JET FOR SOMETHING IMPORTANT AND SEE HOW QUICKLY YOU ARE SHUT DOWN.
JUST TAKE A MINUTE AT THE NEXT MEETING AND WATCH THE REACTIONS FROM SMITH AND NIETO WHEN THEY ARE ASKED QUESTIONS ABOUT ANYTHING TO DO WHITH MONEY.THEY HAVE CUT THE BUDGET TO THE SENIORS BY ABOUT 60% FOR
NO REASON.THEY STILL HAVE NOYT GIVEN ANSWERS TO WHERE THE TRUST FUND MONEY HAS BEEN PLACED FOR THE MINORS.AND THESERA NIETO PLAYS RIGHT ALONG WITH SMITH ON ALL MONEY ISSUES.
THE FINANCIAL REPORTS ARE ALWAYS THEY SAME. SHE MOVES THE FIGURES AROUND FROM ITEM TO ITEM TO KEEP THE QUESTIONS FROM MEMBERS AT BAY.
2-3 MILLION DOLLARS FOR COMPS PER MONTH,WHAT THE HELL IS THAT ALL ABOUT? WONDER IF THAT INCLUDES ALL THE DRINKING AND DINNING THAT THE EC DOES AT THE CASINO, MAINLY SMITH AND MAXCEY.
AND FOR MAXCEY, I THOUGHT HE WAS MARRIED AND HAD CHILDREN, IF HE IS THEN I QUESS THE BAND IS PAYING FOR ALL OF HIS MESSING AROUND WITH OTHER WOMEN AT THE CASINO.
YOU ALL KNOW WHAT I AM TALKING ABOUT AND YET YOU SHOW THAT YOU DON'T CARE BY STAYING QUIET.OH WELL ITS YOUR MONEY NOT MINE.
Yes, I heard Robert Smith gets comped 2-3 million a month, mostly in food, but a lot of liquor too. He doesn't skip meals and it shows.
Speaking of Vice chairman Maxcey I did see him kissing some lady at the Casino one night and when he saw me he got all red faced and walked away toward the hotel desk. I wonder who's room he went to.
maybe the lady he was kissing ? I DON'T KNOW.
Maybe it was Leroy Miranda in drag.
No he likes white guys.
Maxceys wife left him went gay.
What do you mean "went" GAY.She was always gay being married to a woman like Howard Maxcey.
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