THE BEAT GOES ON

Took the above photo recently of the sign which marks the location of our new casino, described in a previous posting, one mile west of Verden and six miles east of Anadarko on Highway 9.

We will order the modular building within the next few days and the manufacturer quoted that fabrication and delivery of the building will occur in 2-3 weeks. The building is modest in size, by design, and will house approximately 150 Class II slot machines. Though our marketing study projected a slightly larger facility, we opted for the more cost effective design with expansion to occur as revenue allows.

Contrary to negative rumors spewing forth from a few disgruntled tribal members, the project is being approached in a business-like manner by the Kiowa Business Committee utilizing our own internal technicians and professionals in all planning and development phases. We project total start-up costs at approximately 1M dollars as opposed to tens of millions projected by an outside developer.

Funding for start-up of the facility will be from a bank loan utilizing one of our CD's as collateral, and repayment of the loan will take first priority from casino revenue. Following loan repayment, all revenue will come directly to the tribe and be deposited in accounts established in accordance with our Revenue Allocation Plan as mandated by National Indian Gaming Commission regulations.

And speaking of disgruntled tribal members, our tribal government is experienceing another episode of disruption, false accusations, and mean heartedness from a handful of tribal members who are famous for their never-ending opposition toward any Kiowa Business Committee elected by the Kiowa Indian Council. This smalll group of underachievers label themselves as 'THE KIC' and profess to speak for the entirety of the Kiowa Indian Council.

A prime example of their negative activity is the recent filing of very weak recall charges against KBC Chairman Donald Tofpi. In subsequent postings in the near future, I will address more of their activity and provide information on the positive happenings within tribal government in the recent months. Meanwhile, you can read Chairman Tofpi's response to the recall charges posted on our tribal website at: http://kiowatribe.net/.