The Lac du Flambeau Band of Lake Superior Chippewa is will mortgage fee lands to pay off $50 million in gaming debts after members of the Wisconsin tribe approved a referendum on Thursday.
The tribe will use the land to obtain a line of credit. Proceeds will be used refinance a $22 million debt on the Lake of the Torches Resort Casino while another $28 million would go to complete a riverboat in Mississippi. The vote was 429 to 267. Get the Story: