Mississippi Choctaws reach deal to restructure gaming debt

The Mississippi Band of Choctaw Indians has reached a deal to restructure its gaming debt.

An $80.8 million loan that was due this month has been extended, Chief Phyliss J. Anderson announced. The new date is May 4, 2012.

A second loan related to the Bok Homa Casino, the tribe's newest casino, was also extended. The new date is May 31, 2012.

Anderson hopes the extension will give the tribe more time to complete its refinancing. "We will work diligently to put a long-term plan in place that will benefit the Tribe and its creditors," she said in a press release.

Additionally, Standard & Poor's has removed Choctaw Resort Development Enterprise from the "CreditWatch list."

Get the Story:
Choctaw Resort restructures debt (The Neshoba Democrat 11/9)
Choctaws' financial woes easing (The Jackson Clarion-Ledger 11/4)