From the Battle Creek Enquirer:
As of Friday, FireKeepers Casino’s owners have taken over its day-to-day operations — more than four years sooner than planned.
The Nottawaseppi Huron Band of the Potawatomi today announced that it had closed on the $97 million purchase of the casino’s management contract with Full House Resorts Inc.
The contract buyout is part of a $385 million refinancing package that will be used to pay outstanding bonds and loans for development and operation of the casino’s new hotel and events center, according to a statement from the tribe.
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The refinancing deal was carried out with Bank of America Merrill Lynch, whose managing director, Jeff Carey, was credited in the statement with creating a refinancing model that “was very complementary and conducive for a Native American owned and operated gaming business.”
Turtle Talk 