Casino gaming is a major source of EBCI\u2019s revenue, and in entering the commercial gaming realm, it would follow the likes of the Seminole Tribe of Florida and the Mohegan Tribe of Connecticut.<\/p>\n
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As Sneed described to Tribal Council members late last year, EBCI Holdings would need to own multiple casinos in order to replace the millions in revenue lost to the Catawba casino, which will open a temporary venue later this year.<\/p>\n<\/div>\n
In a narrow vote, EBCI leaders approved the plan to create the gaming operations business and provide funding from its accounts to purchase Caesars Southern Indiana. Under EBCI\u2019s plan, EBCI Holdings would eventually use the proceeds from its initial commercial gaming ventures to then purchase future assets.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Eastern Band of Cherokee Indians is considering yet another commercial casino investment project when the sovereign nation\u2019s Tribal Council meets on Thursday. According to the agenda, posted on the EBCI website, a resolution that gives leaders approval to pursue opportunities under an initiative codenamed \u201cProject Commonwealth\u201d will be discussed. The resolution would allow tribal […]<\/p>\n","protected":false},"author":45,"featured_media":172803,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,18456],"tags":[],"acf":[],"yoast_head":"\n
EBCI to Discuss Possible Joint Venture on Commercial Casino Project<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n