Nottawaseppi Huron Band pays off gaming loan four years early

Tuesday, August 24, 2010

The Nottawaseppi Huron Band of the Potawatomi of Michigan paid off a $35 million gaming loan four years early.

The tribe secured the financing to buy 2,680 slot machines for the FireKeepers Casino. Just a year after opening the facility, the tribe earned enough to pay the debt in full.

The casino took in $96.5 million in slot machine revenues from August 2009 through December 2009, The Kalamazoo Gazette reported. A portion of the revenues goes to local communities.

Get the Story:
Casino pays back loan four years ahead of schedule (WWMT-TV 8/23)
Governments' casino checks coming soon (The Battle Creek Enquirer 8/24)
Tribe pays off $35 million loan for FireKeepers Casino four years early (The Kalamazoo Gazette 8/23)
FireKeepers Casino pulled in $96.5 million from its slot machines in five months (The Kalamazoo Gazette 8/24)