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Home > Indian Gaming

November 16, 2005

Financing for tribe's Detroit casino approved

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The Michigan Gaming Control Board approved financing plans for the Sault Ste Marie Tribe of Chippewa Indians' casino in Detroit.

The board approved $200 million in bond financing for the construction of a permanent Greektown Casino and another $475 million to refinance existing debt, The Detroit News reported.

The tribe owns 90 percent of the casino. The permanent facility is expected to be completed by January 2008.

Get the Story:
Casino financing approved (The Detroit News 11/16)
Regulators give OK to Greektown Casino plan (The Detroit Free Press 11/16)

 
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