- Details
- By Tribal Business News Staff
- Finance
The Ho-Chunk Nation of Wisconsin has closed $610 million in senior secured credit facilities to finance construction of its new flagship casino resort in Beloit.
The facilities include a $305 million revolving credit facility and a $305 million delayed-draw term loan, supplemented by about $95 million in tribal equity, according to a deal summary by KeyBanc Capital Markets, which served as left lead arranger, joint bookrunner, and administrative agent on the transaction. The deal closed Sept. 26, 2025.
Proceeds will fund development of the $705 million destination casino, as well as fees and expenses associated with the project. The Ho-Chunk Nation Legislature authorized the financing, with the Nation’s Department of Business overseeing management of its gaming enterprises.
The Beloit project will expand the Nation’s Ho-Chunk Gaming Wisconsin brand, which currently operates six casinos across the state. The new property will feature more than 1,500 slot machines, 40 table games, a 312-room hotel, multiple dining venues, a 2,000-seat convention center, and parking facilities. Construction began in October 2024, with the casino set to open in September 2026 and the hotel and convention center following a year later.
The project represents a major economic development initiative for the federally recognized Ho-Chunk Nation, which has approximately 7,800 citizens and trust lands across 14 Wisconsin counties.
