Indian Gaming > Seneca gaming corporation extends $50M line of credit

Seneca gaming corporation extends $50M line of credit

Thursday, January 21, 2010
Filed Under: Business Deals | New York

The Seneca Nation of New York has extended its credit agreement with KeyBank.

Seneca Gaming Corporation will keep its $50 million revolving of credit until December 31, 2011. The terms remain the same as the ones that had been negotiated prior to the national recession.

The tirbe owns three casinos, including two located off the reservation. Revenues have fallen in the last year and the tribe had to stop work on a permanent off-reservation facility in Buffalo.

Get the Story:
Seneca Gaming, KeyBank extend deal (Business First of Buffalo 1/20)
Seneca Gaming extends favorable loan deal with KeyBank (The Buffalo News 1/21)