It has been over a year since the Jamul Tribe evicted Walter Rosales and Karen Toggery. The overriding reason for the evictions was for the construction of their long awaited casino. Looking back we see no progress towards a casino - only increased disharmony in the community. Since that time we've experienced the following:
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Lack of support by the San Diego County District Attorney
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Leon Acebedo removed as the tribal chairman and subsequently landing on his feet as Executive Director of California Nations Indian Gaming Association.
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Bill Mesa being selected as the new tribal chairman
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Passage of Propositions 94, 95, 96 and 97 |
Despite all of these negatives there has been no meaningful movement on the development of a casino. During that same period we've also experienced:
The collapse of the stock price of the corporate backer Lakes Entertainment (LACO).
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1/1/07 LACO stock was at $10.85
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1/1/08 LACO stock was at $6.92 (a drop of 36.2%)
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3/11/08 LACO stock was at $4.10 (a drop of 62.2%)
Continuing litigation involving:
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