Lakes Entertainment announces receipt of $57.1M debt payment

theflyonthewall.com

Lakes Entertainment announced that it received a cash payment of $57.1M per the terms of the debt termination agreement that Lakes entered into with the Shingle Springs Band of Miwok Indians on July 16. Upon receipt of such payment, the management agreement, under which Lakes had been managing the Red Hawk Casino for the Tribe, was terminated.

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