International edition
October 01, 2020

For the development of The Firekeepers Casino project in Michigan

Full House Resorts and IGT sign deal

(US).- Full House Resorts announced that IGT has extended up to us$ 5 million in interim financing to the Nottawaseppi Huron Band of Potawatomi for the design and development costs of the Tribe’;s Firekeepers Casino project in Emmett Township, Michigan.

M

errill Lynch has also been engaged by the Tribe as the investment banking firm responsible for raising the funds for the construction and opening of the casino.

The Firekeepers Casino development is for a world-class facility with over 2,000 slot machines, table games, various restaurants and other amenities. The Secretary of the Interior took the land into trust for the benefit of the Tribe in December and a Reservation Proclamation is being processed by the Bureau of Indian Affairs, which would identify the land as Tribal reservation land suitable for gaming.

Full House has executed a management agreement with the Tribe for the development and management of the casino, which is subject to approval by the National Indian Gaming Commission, which is in the process of conducting its review. The firm expects the approval within the next few months, clearing the way for the permanent financing to be placed and construction activities to commence.

Andre M. Hilliou, CEO of Full House Resorts, said: "We are excited that IGT sees the potential of this development that we have known for some time. With this interim financing in place, the project can proceed at full speed and the Tribe can continue on the journey to financial self-sufficiency which it has sought to achieve since its federal recognition."

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook