Saturday, April 2, 2022

Pala Interactive Sold for $170 Million - Bonus for Pala Members?


I am sure Pala Members will enjoy the benefits from their investment in Pala Interactive.

financialpost.com Boyd Gaming to Acquire Pala Interactive

LAS VEGAS — Boyd Gaming Corporation (NYSE: BYD) today announced that its wholly-owned subsidiary, Boyd Interactive Gaming Inc., has entered into a definitive agreement to acquire Pala Interactive LLC and its subsidiaries for total cash consideration of $170 million.

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prnewswire.com Pala Band of Mission Indians Enters into Agreement to Sell Pala Interactive LLC to Boyd Gaming for $170 Million

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"Our tribe was at the forefront in creating an online gaming platform," said Robert Smith, Chairman of the Pala Band of Mission Indians. "We brought together the best minds in the business to build and ultimately transact, what has become a very successful business." 

Jim Ryan, CEO of Pala Interactive, said, "This is the result of a considerable capital investment and  lot of hard work by the Pala Tribe and Pala Interactive employees to build a modern-age online gaming platform and business tailored to the North American regulated gaming market. Boyd Gaming's acquisition of the Pala Interactive business, positions the enterprise for the next growth phase, which includes the development and execution of an iGaming strategy for Boyd Gaming and a continued commitment of investment and development in Pala's B2B business."

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Thanks to Commenters for bringing this news to attention.





20 comments:

Anonymous said...

This statement is wrong.
The Pala Band of Mission Indians didn't agree to shit.
The general membership didn't know ant thing about this until it was posted on the news wire.
It should read as Robert Smith has agreed to sell Pala Interactive to Boyd Gaming.
If it is the pala band then that money should be paid to all members of the band because the band is the ones that funded pala interactive with Casino funds.

Anonymous said...

What is this?

“result of a considerable capital investment”

Since when did Pala vote to invest considerable capital for a business that doesn’t even benefit them?
Oh that’s right a long time ago Robert had us vote to give the EC the power to make business decisions for the tribe and not tell us about it. We’ll good thing several of his front row a$$ ki$$er$ are no longer around to make motions and second motions then yell at anyone else at the meeting that asks questions.

Anonymous said...

The latest rumors around the res in pala is that Rob wants to change the chairmanship to either "President" or
"King" of the pala band of mission Indians.
But what he doesn't understand is that the only "KING" of
the Pala Band passed away about a year and a half ago.
KING FREEMAN the KING of the pala reservation and Robert can never be "KING" or even close.
Maybe he can be the "QUEEN" of pala.

Reinstatement_Restitution said...

There was a MOA (Memorandum of Understanding) between PBMI and NexGen/S3 where $100 million was raised to finance the development of an online gaming platform. NexGen/S3 was committed to 28.5% of the investment after PBMI guaranteed a $70 million investment. The GC was not required to approve this investment since the Pala Gaming Resolution approved by the NIGC says that the Pala Gaming Authority has financial control of the Casino and can make investments and obligations using the Casino revenue as collateral. Robert Smith is the Chairman of Pala Gaming Authority and all that is required to enter into these agreements is his signature.

Anonymous said...

Response to April 4, 3:13pm

So if Pala owns 71.5% of Pala Interactive then they will receive around $121 million from the sale right? So if this is tribal income should it be divided between general welfare, operations, percap, etc….. as approved by the tribe? Or better yet reinvested or put into high yield accounts, anything that benefits the entire tribe financially.

First thing though is for the EC to even bring this up to the tribe at a meeting so we know uwhat’s going on. I know most of us agree that the monthly agenda should have an “open floor” part for members to speak about anything or ASK about anything instead of the way it’s been for years “if it’s not on the agenda it can’t be discussed” and for something to be on the agenda you know who MUST approve it. Even if several members start asking or yelling out questions and demand answers he will just stop the meeting instead of answering since several of his front row supporters/yellers/ threateners have passed on and aren’t there to shut everyone up. Those same front row supporters do or did run several Pala departments. So there is a benefit to blindly supporting his agenda.

Anonymous said...

There could be other benefits to blindly supporting someone. For example getting a cushy job or your unqualified children on the rolls maybe. Thats why some tribes have their own “Tribal Enrollment Specialist/Chairman’s Assistant “ to certify family history or blood degree only for that tribe. They could just be going by what they are told or shown, who knows. They may not even know what they are necessarily doing and just going by what they are told or presented with. Those same people may have a higher blood degree on that tribes books but still can’t get a CDIB from the BIA because the BIA checks their government records/documents to verify when issuing CDIBs. So if someone you have known for years is all of the sudden enrolled or recently when they weren’t the last 20 years or the majority of their lives because they or their parents found out they have more Pala blood please think for a moment or hey tell them they should send in for their CDIB. They have updated them in recent years now and are like birth certificates for native blood degree. Hey I’m not saying this can’t happen and I’m sure a family could find out years later one of their parents or relatives has more native blood than previously noted.
The BIA has decades of history, documents, census, and will take more if you have some they don’t from extensive archive research so I’m sure their CDIBs are more accurate than say Pala who is the only tribe that has Margarita Britten as 1/2 CUPENO and will not acknowledge her descendants CDIBs that show she is full blood or submit any documentation a certain person claims to have but nobody else can verify to determine the change of MB CUPENO blood!!! Even a member of the EC at that time has spoken out and said the documents a certain person used were not valid to use by any tribe or even the BIA but they still managed to get a couple people to agree with him which overturned years of extensive research and a final decision by the BIA. But that means when someone is not in a position to block it and MB is looked into again they will see what’s what and a correction will be made.

Anonymous said...

Robert Smith will not live forever and the same goes for Nieto.
What Smith and Nieto don't realize is that they have set an agenda for future E/C members concerning enrollment in the tribe.
This will without any doubt backfire on them when they are no longer on the EC.
When a new chairman is seated on the EC he/she may want revenge for the way tribal members were treated by the current chairman and nieto and use the same things/documents that were used against the Britten family, and use it to disenroll there family members
and there is not a damn thing that they can do to stop it.
I learned a long time ago from older members that said don't get mad, get even.

Anonymous said...

I PRAY that the NEW E.C. will not be a person who is focused on the Brittan Family. There is way to much that needs attention !

Anonymous said...

@ 11:25 PM

there are a lot of problems in the RC that need fixing and some major problems started when Smith and Nieto did wrong by targeting the Brittan family for disenrollment.
So you are wrong by your statement.
A new EC needs to fix "ALL" the problems not just pic and choose which problems to fix fix.
I thing that it should be a priority to start with the fix of the Brittan issue because whats right is right and this would be whats right.
The disenrolled count for a major voting block and for sure were a target to keep the leaders in place and it was unfair to do what smith and nieto did without even giving the general membership a chance to be involved in the decision
against that family.
Aloso the EC used illegal documents to do so.
If you think that this okay to do then you are totally wrong.

Anonymous said...

Well 11:25 Believe what you want but this is about the whole tribe.

Anonymous said...

@ 11:25
in order to fix things you have to start where things started
and the Brittan family issue was the start of the division of the tribe, therefore this needs to looked into in order to fix the wrongs that were unjustly put upon this family and make to where it will not happen ever again behind the backs of the general membership as was done in this case.

Anonymous said...

ca truth and healing.com

Anonymous said...

@ 10:47, how about "FACE THE TRUTH " and there will be healing.
The truth is that Smith and Nieto are very "CORRUPT".

Anonymous said...

Are we gonna get a HUGE BONUSE from the on line gaming sale ? It only makes sense. Hopefully Theresa Nieto will allow it.

Anonymous said...

No she will make up some bullshit excuse about the tribe had to use the money for something that we never heard of.
like paying off her motor home and paying off her property on hwy 76 that the tribe financed for her.
That's the property at the old cuca ranch near the 76 split
that goes up to palomar mountain.
Nieto should pay for some kind of surgery to have her husbands legs fixed.
I saw him standing at the Cupa days and you could park a Harley between his legs and not even use the kickstand.
If they fixed his legs he might be about 5'6" tall.

Anonymous said...

That is some funny stuff,my sides hurt.

Anonymous said...

You’re a real p.o.s. for this.

Anonymous said...

Especially for you being as tall as you are wide.

Anonymous said...

@ 5:35 PM ,
I wasn't referring to his wife Theresa.

Anonymous said...

To 5:34, a piece of shit is better than a pile of shit like you
hell you can't even spell.
It's "your" not youre.
Have a good one, and don't use a "kickstand"or just park your mini bike between R.Nietos legs so you won't be late for class.