With possible new investors on the horizon for the tribal casino planned in town, at least one public official thinks it’s time to revisit the original terms of the deal hammered out more than two years ago.
The Mashpee Wampanoag tribal council announced Sunday it is working with a new partner, Arkana Limited, a wholly-owned affiliate of the Kien Huat affiliates in Malaysia, collectively known as Genting. The investment company is owned by a Lim family trust, which has cash reserves of over $3 billion. Among many financial interests, the company financed the 1992 start-up of the Foxwoods Resort & Casino in Connecticut.
Kien Huat has also invested in countries around the world involved in gaming, cruise, power generation, plantations, property development, biotechnology, and oil and gas.
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