The Quapaw Tribe of Oklahoma will undertake an expansion of its casino with the help of $41.6 million in financing.

The tribe plans to build a new 150-room hotel tower at the Downstream Resort Casino. They financing was arranged by CIT Group Inc.

“CIT’s deep industry knowledge and experience was an important factor in our decision to choose CIT as lead arranger in these financings, which will offer us a great opportunity to enhance the environment for our casino and attract new customers," Chairman John Berrey said in a press release.

The facility has an existing 222-room hotel.

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CIT Arranges $41.6 Million Financing For the Quapaw Tribe of Oklahoma (Benzinga 6/11)