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| Press/Latest News |
| MIDWEST GAMING CELEBRATES CONSTRUCTION START OF DES PLAINES CASINO WITH GROUNDBREAKING CEREMONY |
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DES PLAINES, IL, April 16, 2010 -
Construction has begun on Midwest Gaming & Entertainment, LLC’s Des Plaines casino and entertainment complex, a project which will create hundreds of construction jobs, and upon completion, approximately 1,000 permanent jobs and over $150 million in annual gaming tax revenue which will benefit the State of Illinois, the City of Des Plaines and economically burdened communities. READ
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MIDWEST GAMING & ENTERTAINMENT, LLC COMPLETES FINANCING AND PURCHASE OF LAND
SET TO START CONSTRUCTION ON ITS $445 MILLION DES PLAINES CASINO |
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DES PLAINES, IL, April 9, 2010 -
Midwest Gaming & Entertainment, LLC and its affiliates (“Midwest Gaming”) announced today they have successfully closed on $295 million in aggregate debt financing and invested $150 million of equity for its casino project in Des Plaines, Illinois. Midwest Gaming also purchased the land on which its casino and entertainment complex will be developed, clearing the way for construction to begin next week on the long-awaited $445 million development. The casino is anticipated to open in late summer 2011. READ
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| MIDWEST GAMING & ENTERTAINMENT,
LLC ANNOUNCES OFFERING OF $175 MILLION OF SENIOR SECURED
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DES PLAINES, IL, March 22, 2010 -
Midwest Gaming & Entertainment, LLC announced today
that its parent company, Midwest Gaming Borrower, LLC (“Issuer”),
and the Issuer’s subsidiary, Midwest Gaming Finance
Corp. (together, “Midwest Gaming”) intend to
offer, subject to market and other customary conditions,
$175 million in aggregate principal amount of senior secured
notes. The notes are expected to be senior secured obligations
of Midwest Gaming and will be guaranteed on a senior secured
basis by Midwest Gaming & Entertainment, LLC and the
other subsidiaries of Midwest Gaming. Midwest Gaming intends
to use the net proceeds of the offering to finance a portion
of the design, development, equipping and construction
of a gaming facility in Des Plaines, Illinois. READ
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