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."