{"id":12650,"date":"2014-02-05T12:16:21","date_gmt":"2014-02-05T20:16:21","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12650"},"modified":"2014-02-05T12:16:21","modified_gmt":"2014-02-05T20:16:21","slug":"a-cautionary-tale","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/a-cautionary-tale\/","title":{"rendered":"A cautionary tale"},"content":{"rendered":"<p><object id=\"flashObj\" width=\"450\" height=\"253\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"https:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\" bgcolor=\"#FFFFFF\"><param name=\"flashVars\" value=\"videoId=3151865644001&amp;playerID=34444171001&amp;playerKey=AQ~~,AAAAA5PNMME~,K3tOT-PuafvzbyjXyjNt9yD6nKAeNlgk&amp;domain=embed&amp;dynamicStreaming=true\" \/><param name=\"base\" value=\"https:\/\/admin.brightcove.com\" \/><param name=\"seamlesstabbing\" value=\"false\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"swLiveConnect\" value=\"true\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"src\" value=\"https:\/\/c.brightcove.com\/services\/viewer\/federated_f9?isVid=1\" \/><param name=\"flashvars\" value=\"videoId=3151865644001&amp;playerID=34444171001&amp;playerKey=AQ~~,AAAAA5PNMME~,K3tOT-PuafvzbyjXyjNt9yD6nKAeNlgk&amp;domain=embed&amp;dynamicStreaming=true\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"swliveconnect\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"pluginspage\" value=\"https:\/\/www.macromedia.com\/shockwave\/download\/index.cgi?P1_Prod_Version=ShockwaveFlash\" \/><embed id=\"flashObj\" width=\"450\" height=\"253\" type=\"application\/x-shockwave-flash\" src=\"https:\/\/c.brightcove.com\/services\/viewer\/federated_f9?isVid=1\" flashVars=\"videoId=3151865644001&amp;playerID=34444171001&amp;playerKey=AQ~~,AAAAA5PNMME~,K3tOT-PuafvzbyjXyjNt9yD6nKAeNlgk&amp;domain=embed&amp;dynamicStreaming=true\" base=\"https:\/\/admin.brightcove.com\" seamlesstabbing=\"false\" allowFullScreen=\"true\" swLiveConnect=\"true\" allowScriptAccess=\"always\" flashvars=\"videoId=3151865644001&amp;playerID=34444171001&amp;playerKey=AQ~~,AAAAA5PNMME~,K3tOT-PuafvzbyjXyjNt9yD6nKAeNlgk&amp;domain=embed&amp;dynamicStreaming=true\" allowfullscreen=\"true\" swliveconnect=\"true\" allowscriptaccess=\"always\" pluginspage=\"https:\/\/www.macromedia.com\/shockwave\/download\/index.cgi?P1_Prod_Version=ShockwaveFlash\" bgcolor=\"#FFFFFF\" \/><\/object><\/p>\n<p>Many people think tribal casinos are a panacea, a &#8216;license to print money.&#8217; They should read the sad story of the defunct <strong>Santa Ysabel Casino<\/strong>. It was damned by many factors, including a poor location, small size and an opening that unfortunately coincided with wildfires in the area. But mainly it was a $50 million debt load that brought the property down. Tribal chairman <strong>Virgil Perez<\/strong> tried to shift the blame to &#8220;<em>an intransigent county government unwilling to renegotiate its financial agreement with the tribe in the face of economic hardship<\/em>.&#8221; He might have <!--more-->more realistically blamed cost overruns which ate into the promotional budget, for one.<\/p>\n<p>What&#8217;s most intriguing is the role of the <strong>Yavapai Apache<\/strong> nation, an <strong>Arizona<\/strong> tribe which lent money to Santa Ysabel, then bought up its outstanding debt. The Yavapai did the same to the now-defunct <strong>La Posta Casino<\/strong>. It&#8217;s tempting to speculate what the Yavapai&#8217;s larger strategy is, but that&#8217;s all it would be.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many people think tribal casinos are a panacea, a &#8216;license to print money.&#8217; They should read the sad story of the defunct Santa Ysabel Casino. It was damned by many factors, including a poor location, small size and an opening &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/a-cautionary-tale\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[109,34,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12650"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=12650"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12650\/revisions"}],"predecessor-version":[{"id":12653,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12650\/revisions\/12653"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}