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Native dancer Kevin Buffalo sits beside slot machines as he takes part in the Enoch community's celebration at the finished River Cree Resort and Casino.
Native dancer Kevin Buffalo sits beside slot machines as he takes part in the Enoch community's celebration at the finished River Cree Resort and Casino.
(DAVID BLOOM/CP)

First Nation’s casino bond financing breaks new ground

It took a while to educate investors, but it worked and Alberta’s successful First Nation-owned River Cree casino is raising $200-million in a ground-breaking bond deal.

The big news here is this is the first bond deal by a Canadian First Nations-owned business that does not have a government guarantee. The high-yield notes were snapped up by investors in both the U.S. and Canada.