Casino Enterprise Management

With the debt markets recovered from the extreme dislocation of the past few years and in fairly robust shape, tribal governments and their gaming operators are happily dusting off new construction plans, expansion schematics and/or refinancing needs that have sat on their symbolic shelves for too long. However, just as the architectural renderings may need some refreshing, a review of preparation strategies, post-recovery market considerations, lender profiles and due diligence related to sovereign finance is a wise exercise.

Many tribal gaming operators and their respective government leaders are understandably dismayed when their own process to identify and access funding remains challenging in a healthy market environment. Although the debt markets are lending, the tribal gaming sector took some definite hits during the recent crises. Post-recession, the results are heightened scrutiny and greater due diligence requirements, necessitating extreme care and thoughtfulness when preparing for new financing or refinancing by a tribal gaming facility.

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