CIT Provides Financing to Northern Arapaho Tribe for Development of Casino in Wyoming.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group Inc. (NYSE NYSE See: New York Stock Exchange : CIT), a leading global commercial finance company, today announced that it has provided $22.5 million to the Northern Arapaho Tribe for the development of the Wind River Casino in Riverton, Wyoming. Financing for the transaction was completed by CIT Communications, Media & Entertainment, Gaming, which served as sole arranger and advisor on the transaction. "This funding provides the Northern Arapaho Tribe with the ability to grow their gaming enterprise," said Steve Reedy reed·y adj. reed·i·er, reed·i·est 1. Full of reeds. 2. Made of reeds. 3. Resembling a reed, especially in being thin or fragile: , Managing Director of CIT Communications, Media & Entertainment, Gaming. "We look forward to further developing our relationship with the Northern Arapaho Tribe as they continue to grow their gaming business." James Conrad, Chief Executive Officer of Wind River Casino, said, "We chose CIT because of their experience in the gaming sector. We are confident in the work their team does and look forward to working with them again in the future." The Northern Arapaho Tribe used the financing to develop Wyoming's newest and largest casino. The 45,000 square-foot Wind River Casino features more than 700 Las Vegas style gaming machines, eight table games, restaurants and an entertainment area that will host live performances. Funds generated by the casino are used to support tribal infrastructure, including education, housing, health services health services Managed care The benefits covered under a health contract and other essential governmental services. Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.com. About CIT Communications, Media & Entertainment CIT Communications, Media & Entertainment provides comprehensive financial and advisory solutions to the broadcasting, publishing, information services See Information Systems. and technology, sports, gaming and communications industries. About CIT CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $80 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and Small Business Administration lending, equipment leasing, vendor financing Vendor Financing The lending of money by a company to one of its customers so that the customer can buy products from it. By doing this, the company increases its sales even though it is basically buying its own products. and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. Founded in 1908, CIT is celebrating its Centennial throughout 2008. www.cit.com |
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