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.
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Casino financing approved (The Detroit News 11/16)
Regulators give OK to Greektown Casino plan
(The Detroit Free Press 11/16)
Business Deals
Financing for tribe's Detroit casino approved
Wednesday, November 16, 2005 More from this date
Financing for tribe's Detroit casino approved
Wednesday, November 16, 2005 More from this date
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