The Seminole Tribe of Florida has secured a $750 million loan with its gaming revenues.
The tribe will use the proceeds from the loan to pay off an existing loan and other costs, according to a press release. The tribe operates six gaming facilities with nearly 13,000 slot machines and approximately 340 table games, Fitch Ratings said in assigning a BBB- rating to the loan. Fitch said the tribe remains in a "solid competitive position" even as lawmakers consider an expansion of non-Indian gaming in the state. Get the Story: