(FORTUNE Magazine) – High-stakes bettors are cashing in at tax-free upstate casinos run by Mohawk Indians . . . Thousands of gamblers from as far away as Michigan . . . travel each weekend to the St. Regis Indian Reservation on the northern New York border to visit the big-money arcades . . . With the help of secret ''outside investors,'' the Mohawks are transforming what was once, in the words of one Indian, a ''little red Peyton Place'' into a racy strip complete with . . . slot-machine parlors . . . Because the courts have ruled that the Mohawks, as well as New York's eight other Indian tribes, are independent ''nations,'' the state has no authority to enforce its gambling or tax laws on Indian reservations. -- From an article in the New York Post.