Indian Gaming > Lac du Flambeau casino in Mississippi due for auction

Lac du Flambeau casino in Mississippi due for auction

Friday, January 22, 2010
Filed Under: Business Deals

Lac du Flambeau Band of Lake Superior Chippewa Indians of Wisconsin is officially out of the Mississippi casino game.

The tribe invested $26 million on the Grand Soleil Casino Resort in Natchez. The casino never got off the ground and now the remnants of the property are up for auction next month.

The tribe sold $50 million in bonds to help finance the project. The tribe defaulted on the bonds in a dispute that led to a notable court ruling earlier this month.

Get the Story:
LdF Indian Tribe's failed resort in Mississippi ends up on auction block (News Of The North 1/22)

Earlier Story:
Lac du Flambeau Band wins ruling in casino bond case (1/11)