Pokagon Gamine Authority Closes Financing
The Pokagon Gaming Authority, a wholly owned, unincorporated instrumentality
of the Pokagon Band of Potowatomi Indians, has successfully closed its
financing of $305 million in Senior Notes due 2014. The proceeds from the
notes will be used to partially finance the construction of Four Winds
Casino Resort. "We are excited to have completed our senior note financing,"
said Tribal Chairman John Miller. "We are also very pleased that the
financing was well received by investors. With this financing, we can
complete the construction of the 51-acre casino development as we have
envisioned it." "We look forward to working with the Pokagon Band in
developing a successful enterprise," said Tim Cope, President and CFO at
Lakes Entertainment, Inc. "Four Winds Casino Resort will provide first class
gaming entertainment."
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