A view of the new gaming floor at the Seneca Niagara Casino and Hotel. Photo from Seneca Nation.
The Seneca Nation of New York has refinanced $379 million in gaming-related debt. The Seneca Gaming Corp. entered into an agreement with a consortium of six banks, The Buffalo News reported. The deal should allow the tribe to pay off its existing debt and become debt-free by the end of 2019. “We are excited by the prospect of building upon our successes of the past 12 years, unfettered by the constraints of institutional debt,” Cathy Walker, Seneca Gaming’s president and chief executive officer, told the News. The tribe has recently completed gaming projects worth more than $220 million, including a $130 million off-reservation casino in downtown Buffalo. Get the Story:
Seneca Gaming aims to be debt-free in five years (The Buffalo News 11/4)
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