Lakes Entertainment reports gains from Shingle Springs casino

Friday, August 9, 2013
Filed Under: Business Deals | California
More on: debt, lakes entertainment, shingle springs

Red Hawk Casino. Photo Courtesy Shingle Springs Band of Miwok Indians

Business continues to improve at the casino owned by the Shingle Springs Band of Miwok Indians of California, the tribe's gaming partner reported today.

Lakes Entertainment said it earned an additional $1.1 million in management fees from the Red Hawk Casino. That marks another quarter of improvements at the facility.

The tribe has agreed to pay $57.1 million to end its agreement with Lakes. The tribe is also seeking to refinance about $450 million in debt.

Get the Story:
Press Release: Lakes Entertainment Inc. : Lakes Entertainment Announces Results for Sec ond Quarter 2013 (Lakes Entertainment 8/9)
Press Release: Shingle Springs Tribal Gaming Authority Commences Tender Offer and Consent Solicitation for 9.375% Senior Notes (Shingle Springs Band 8/8)

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Shingle Springs Band could see upgrades over gaming debt (8/6)