PE Firm Backs $50M Mohegan Sun Casino, Resort In Pa.

Law360, New York (January 27, 2014, 6:48 PM EST) -- The Mohegan Tribal Gaming Authority landed $50 million in senior secured loan financing from New York-based private equity firm Fundamental Advisors LP for its just-opened $50 million hotel at the Mohegan Sun at Pocono Downs casino in Pennsylvania, Fundamental Advisors announced Monday.

Fundamental Advisors said in a statement that it secured the financing for the new 238-room hotel, which had its grand opening earlier this month, as part of its continued partnership with the Mohegan Tribal Gaming Authority, an entity of the Mohegan Tribe of Indians of...
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