Carter Ledyard represented the financial institutions financing the acquisition of Miami’s Magic City Casino by the Poarch Band of Creek Indians, owners of the Wind Creek casinos and resorts. Once the Florida Gaming Control Commission approved the sale, the parties consummated the financing and sale in early February.
Carter Ledyard’s Native American Law Chair, Steven Paul McSloy, advised the banks on this matter with respect to Native American law. Steve routinely represents financial institutions and Native American parties in transactions involving casinos, hotels, energy projects and other transactions concluded under federal and tribal law.
News reports on the transaction can be found at:
Magic City Casino sale gets approved, expansion coming | Miami Herald
Poarch Band Wins State Approval To Buy Miami Casino – Law360