SEATTLE, WA - The Snoqualmie Entertainment Authority announced yesterday it has
secured financing with CIT Group Inc. to complete its Snoqualmie Tribal Casino
in Seattle. Terms of the transaction were not disclosed. The funding will be
used to purchase gaming equipment, furniture, fixtures, and other equipment.
"The Snoqualmie Tribe has been working for decades to establish a premier
entertainment center to support tribal economic development," said Steve Reedy
of CIT. "We are pleased with this financing that will provide support to the
Snoqualmie Indian Tribe as it completes the development of this high-end Native
Michael Barozzi, CEO of Snoqualmie Entertainment Authority, said, "We selected
CIT over other lenders because of the firm's rich knowledge and experience in
the gaming business. We felt confident choosing CIT because of the team's
successful track record of supporting other gaming enterprises, specifically in
the Indian casino space."
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