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Thread: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

  1. #26

    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Rover View Post
    Hard Rock is Seminole. Casino isn’t on Seminole land.
    And? Hard Rock is a name. Nothing more. Has nothing to do with having to be on Seminole land.

  2. #27
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    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Urbanized View Post
    Not sure I understand your point..? Hard Rock in Tulsa is on Cherokee trust land and owned/operated by the Cherokee Nation. The Sioux City Hard Rock is owned/operated by Churchill Downs. Hard Rock Biloxi is owned and operated by a non-Seminole REIT. Hard Rock Vancouver is owned and operated by a private Canadian gaming and hospitality company; NOT by the Seminoles.

    Yes, the Seminole Tribe of Florida owns the Hard Rock brand, but they do license to other entities, and in fact are ALREADY licensing to the Chickasaws in the case of the newly-announced hotel.

    I’d bet a steak dinner that at least one of the Pointe Vista casinos will be rebranded to match the attached hotel.
    True. Not sure myself where I was going with that. 😀

    Developer for this one is an OKC developer and non tribal on non tribal land.

  3. Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    ^^^^^^^
    As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

    And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

    IMG_0280.jpg

    Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here.

  4. #29

    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Urbanized View Post
    ^^^^^^^
    As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

    And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

    IMG_0280.jpg

    Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here.
    Yeah it wasn’t a coincidence that the Chickasaw’s bought that land from the state almost immediately after point vista agreed to sell that piece of land back to the state as part of a lawsuit settlement a few years ago.

    I don’t know for sure if they are an investor in point vista but that wouldn’t surprise me. They definitely do more than exchange phone calls a few times a year.

    The hotel/resort is going to be a massive development (think Okana size in addition to all of the other stuff they’re building). I would be shocked if it doesn’t spill over into the Chickasaw nations tract and either incorporate the casino or at minimum partner with them in some way. It just makes very little sense for them not to.

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    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Urbanized View Post
    ^^^^^^^
    As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

    And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

    IMG_0280.jpg

    Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here.
    I don't believe this is a develop to flip hotel.

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