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Snoqualmie Casino in Seattle gets financing

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July 23, 2008

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 American casino."

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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