More: debt

Mashpee Wampanoag Tribe reportedly owes $347 million to casino firm
Business Deals | Litigation | Openings & Closings
Mashpee Wampanoag Tribe reportedly owes $347 million to casino firm (July 7, 2017)
The Mashpee Wampanoag Tribe is eager to restart work on its casino in Massachusetts and so is a key partner.

Yavapai-Apache Nation wins $48.9M court judgment against La Posta Band
Business Deals | California | Litigation
Yavapai-Apache Nation wins $48.9M court judgment against La Posta Band (June 30, 2017)
The Yavapai-Apache Nation has once again prevailed in a long-running gaming dispute with the La Posta Band of Diegueno Mission Indians.

Chippewa Cree Tribe told to pay $25M to casino development firm
Business Deals | Litigation
Chippewa Cree Tribe told to pay $25M to casino development firm (March 16, 2017)
Child support payments and general assistance payments have been cut after a Montana court issued a judgement against the tribe.

Mississippi Choctaws see increase in casino revenue and profit
Regulation
Mississippi Choctaws see increase in casino revenue and profit (November 22, 2016)
Chief Phyliss Anderson said revenues are up $11 million and profits are up $2 million.

Eastern Cherokees start loan program based on casino per caps
Legislation
Eastern Cherokees start loan program based on casino per caps (November 9, 2016)
Hundreds of tribal citizens lined up to apply for zero percent loans that will be repaid with their share of gaming revenues.

Donald Trump avoided paying taxes on hundreds of millions in casino debt
Business Deals
Donald Trump avoided paying taxes on hundreds of millions in casino debt (November 1, 2016)
The Republican presidential nominee racked up $1.3 billion in debt in connection with his failed gaming empire.

Jamul Indian Village refinances $460M in casino related debt
Business Deals | California | Openings & Closings
Jamul Indian Village refinances $460M in casino related debt (October 24, 2016)
The tribe is using $274 million to repay its partner in the new Hollywood Casino Jamul.

Mohegan Tribe starts effort to refinance $1.4B in gaming debts
Connecticut
Mohegan Tribe starts effort to refinance $1.4B in gaming debts (September 20, 2016)
The Connecticut tribe intends to pay off existing lenders with the new credit agreements.

Dry Creek Rancheria restructures casino debt amid revenue drop
California
Dry Creek Rancheria restructures casino debt amid revenue drop (August 8, 2016)
The tribe has been hit hard by the opening of another gaming facility in northern California.

Flandreau Santee Sioux Tribe eyes new Class III gaming compact
Compacts | Meetings | Openings & Closings
Flandreau Santee Sioux Tribe eyes new Class III gaming compact (July 13, 2016)
The proposed agreement appears to be the first in South Dakota to mandate some form of revenue sharing.

Big Sandy Rancheria remains optimistic on plan for second casino
Business Deals | California | Casino Stalker | Litigation | NIGC
Big Sandy Rancheria remains optimistic on plan for second casino (June 28, 2016)
The project has been in the works for more than a decade and would be much larger than the tribe's existing facility.

Eastern Shawnee Tribe aims to stay debt free as casino expands
Openings & Closings
Eastern Shawnee Tribe aims to stay debt free as casino expands (June 3, 2016)
Chief Glenna Wallace said the tribe remains on solid financial ground as it embarks on a $34 million expansion of its flagship facility.

Nambe Pueblo pays off remaining funds owed to gaming developer
Business Deals | Openings & Closings
Nambe Pueblo pays off remaining funds owed to gaming developer (May 5, 2016)
The New Mexico tribe agreed to pay $500,000 to Full House Resorts after a casino project never came to fruition.

White Earth Nation saw fortunes change after winning casino case
Business Deals | Litigation | Openings & Closings
White Earth Nation saw fortunes change after winning casino case (February 2, 2016)
A gaming developer was ordered to pay $18.5 million by the tribe's court, a decision that was recognized in the state court system.

Nooksack Tribe shuts down one casino amid financial concerns
Openings & Closings
Nooksack Tribe shuts down one casino amid financial concerns (December 14, 2015)
A judge in Washington ordered the tribe to pay $20.7 million plus interest for failing to live up to an agreement with a loan servicing company.

Cowlitz Tribe closes on financing for long-delayed $550M casino
Business Deals | Openings & Closings
Cowlitz Tribe closes on financing for long-delayed $550M casino (December 9, 2015)
The Cowlitz Casino and Entertainment Resort will be located on the tribe's 152-acre reservation in Clark County, Washington.

Lac du Flambeau Band loses ruling in messy casino bond case
Business Deals | Litigation
Lac du Flambeau Band loses ruling in messy casino bond case (December 2, 2015)
The dispute began after the tribe refused to pay $50 million in bonds that were issued for a failed commercial riverboat casino.

Cowlitz Tribe already in debt $485M for long-delayed casino bid
Openings & Closings
Cowlitz Tribe already in debt $485M for long-delayed casino bid (October 12, 2015)
Preliminary work has started on the Cowlitz Casino and Entertainment Resort, with an official groundbreaking set for early next year.

New Eastern Cherokee leaders aim to pay off $550M in casino debt
Openings & Closings
New Eastern Cherokee leaders aim to pay off $550M in casino debt (September 30, 2015)
Chief-elect Patrick Lambert, who will be sworn into office on October 5, is worried about potential competition to the tribe's gaming enterprise.

Dry Creek Rancheria won't seek new casino for another decade
California | Casino Stalker
Dry Creek Rancheria won't seek new casino for another decade (September 23, 2015)
The pledge is included in a new agreement that enables the tribe to reduce its revenue sharing payments to Sonoma County by a significant amount.

Vice chair of Yurok Tribe also lost money in casino scam case
California | Openings & Closings
Vice chair of Yurok Tribe also lost money in casino scam case (August 13, 2015)
Sue Masten lost $5,500 and the tribe lost $250,000 to a man who promised $8 million to open the Redwood Hotel and Casino.

Chukchansi Tribe planning to reopen casino by end of year
Business Deals | California | NIGC | Openings & Closings
Chukchansi Tribe planning to reopen casino by end of year (July 21, 2015)
Chairman Reggie Lewis said creditors have pledged up to $35 million to reopen the Chukchansi Gold Resort & Casino.

Mashantucket Tribe extends agreement for $1.7B casino debt
Connecticut
Mashantucket Tribe extends agreement for $1.7B casino debt (July 1, 2015)
Revenues at the Foxwoods Resort Casino fell after the national economic recession and the tribe is facing even more competition for gaming dollars.

Little Traverse Bay Bands to spend $2.5M on new gaming site
Openings & Closings
Little Traverse Bay Bands to spend $2.5M on new gaming site (June 26, 2015)
The 5,000 square-foot casino will feature 64 slot machines and create 20 jobs.

Dry Creek Rancheria still working on finances for gaming debt
California
Dry Creek Rancheria still working on finances for gaming debt (June 23, 2015)
The tribe defaulted on $140 million in gaming debt after another casino opened in the area.

Nooksack Tribe owes more than $20.7M for unpaid casino loan
Business Deals | Litigation | Openings & Closings
Nooksack Tribe owes more than $20.7M for unpaid casino loan (June 22, 2015)
The tribe might be forced to close the Nooksack River Casino after losing a series of rulings in the case.

Blackfeet Nation pays off $6.5M loan for casino ahead of schedule
Openings & Closings | Public Relations
Blackfeet Nation pays off $6.5M loan for casino ahead of schedule (June 17, 2015)
The tribe celebrate a milestone for its Glacier Peaks Casino in Browning, Montana.

Nooksack Tribe can't pay back $15M loan for struggling casino
Business Deals | Litigation
Nooksack Tribe can't pay back $15M loan for struggling casino (April 20, 2015)
The tribe says the Nooksack River Casino has been operating at a loss and is $2 million in the hole.

Fort Peck Tribes might scale back plans for new gaming facility
Business Deals | Openings & Closings
Fort Peck Tribes might scale back plans for new gaming facility (March 30, 2015)
Tribal leaders took a straw poll and eight out of 12 council members said they do not support the Buffalo Rivers Casino and Lodge in its current form.

Connecticut tribes face threat from casinos in Massachusetts
Connecticut
Connecticut tribes face threat from casinos in Massachusetts (February 26, 2015)
Fitch Ratings warns of problems when two commercial casinos opening in the neighboring state.

Mississippi Choctaws to reopen casino after $70M renovation
Openings & Closings
Mississippi Choctaws to reopen casino after $70M renovation (January 28, 2015)
The Golden Moon Hotel and Casino will host a grand reopening on Saturday.

Graton Rancheria to make decision about adding casino hotel
California | Openings & Closings
Graton Rancheria to make decision about adding casino hotel (January 13, 2015)
The tribe could spend up to $200 million on its hotel in the Bay Area.

Mashpee Wampanoag Tribe said to seek $374M loan for casino
Casino Stalker
Mashpee Wampanoag Tribe said to seek $374M loan for casino (January 7, 2015)
The tribe is already on the hook for $100 million and some members are worried about the growing debt.

Mississippi Choctaws set to reopen casino after $70M renovation
Openings & Closings
Mississippi Choctaws set to reopen casino after $70M renovation (December 15, 2014)
The Golden Moon Hotel and Casino will boast upgrades to the casino floor and to the hotel rooms.

Seneca Nation gaming corporation refinances $379M in debt
New York
Seneca Nation gaming corporation refinances $379M in debt (November 4, 2014)
The tribe hopes to become debt free by the end of 2019.

Mashpee Wampanoag Tribe won't confirm size of casino debt
Business Deals | Casino Stalker
Mashpee Wampanoag Tribe won't confirm size of casino debt (October 10, 2014)
But Chairman Cedric Cromwell and Vice Chairman Jessie Baird hint that the figure is near or over $100 million.

Leaders of Mashpee Wampanoag Tribe to discuss gaming debt
Casino Stalker
Leaders of Mashpee Wampanoag Tribe to discuss gaming debt (October 7, 2014)
The meeting comes after two council members told The Cape Cod Times that the tribe has borrowed more than $90 million from its casino partner.

Mashantucket Tribe not in active talks to restructure casino debt
Connecticut
Mashantucket Tribe not in active talks to restructure casino debt (October 6, 2014)
The tribe failed to make a payment in August and has taken another hit to its credit rating.

State court rejects challenge to Graton Rancheria casino compact
California | Litigation | Openings & Closings
State court rejects challenge to Graton Rancheria casino compact (October 6, 2014)
A group that wanted to stop the casino has lost repeatedly in the courts.

Mashpee Wampanoag Tribe pays 16.5% interest on casino loan
Casino Stalker
Mashpee Wampanoag Tribe pays 16.5% interest on casino loan (October 2, 2014)
The tribe has borrowed more than $90 million from its Malaysian partner.

Dry Creek Rancheria struggling to see gaming revenues recover
California | Openings & Closings
Dry Creek Rancheria struggling to see gaming revenues recover (September 15, 2014)
The tribe has reduced its workforce, slashed per capita payments, halted local revenue sharing payments and has gone into default on its debt.

Mashantucket Tribe to open retail concourse at casino on Friday
Connecticut | Openings & Closings
Mashantucket Tribe to open retail concourse at casino on Friday (August 26, 2014)
The concourse at the Foxwoods Resort Casino features clothing, electronics, food and Native arts and crafts.

Mashantucket Tribe sees credit hit as casino competition grows
Connecticut | New York
Mashantucket Tribe sees credit hit as casino competition grows (August 21, 2014)
Standard & Poor's downgraded the tribe two levels in an August 18 report.

Graton Rancheria set to pay off $200M casino development loan
California | Openings & Closings
Graton Rancheria set to pay off $200M casino development loan (July 9, 2014)
Casino has seen exceptionally strong returns in just a few months of operation.

Mississippi Choctaws plan casino upgrades with debt refinance
Business Deals | Openings & Closings
Mississippi Choctaws plan casino upgrades with debt refinance (July 3, 2014)
Tribe signs loan package worth $145 million.

Dry Creek Rancheria heads into default on casino-related debt
California
Dry Creek Rancheria heads into default on casino-related debt (May 29, 2014)
Revenues have fallen more than 30 percent since the opening of a nearby casino.

Dry Creek Band misses debt payment after hit in casino revenue
California
Dry Creek Band misses debt payment after hit in casino revenue (May 2, 2014)
The Dry Creek Rancheria of California failed to make an interest payment on its gaming debt.

Press Release: Mohegan Tribal Gaming Authority makes debt offer
Connecticut | Public Relations
Press Release: Mohegan Tribal Gaming Authority makes debt offer (April 22, 2014)
The Mohegan Tribal Gaming Authority announces debt offer.

Mescalero Apache Tribe completes refinancing of casino debt
Business Deals | Compacts
Mescalero Apache Tribe completes refinancing of casino debt (April 16, 2014)
The Mescalero Apache Tribe of New Mexico refinanced about $260 million in gaming debt.

Mississippi Choctaws plan to spend $88.1M for gaming projects
Openings & Closings
Mississippi Choctaws plan to spend $88.1M for gaming projects (March 26, 2014)
The Mississippi Band of Choctaw Indians will spend $88.1 million over the next two years on gaming projects.

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