Published On: Thu, Oct 6th, 2011

NIGC approves Management Agreement between EBCI, Harrah’s and Caesars

     The Eastern Band of the Cherokee Nation (EBCI) received final approval from Chairwoman Tracie Stevens of the National Indian Gaming Commission (NIGC) for the Amended and Restated Management Agreement between the EBCI, Harrah’s NC Operating, LLC and Caesars Entertainment through Nov. 12, 2018. This was the last step in finalizing an agreement with Caesars Entertainment that includes a donated one million dollar MRI unit for the Cherokee Indian Hospital and $200,000 annually for up to five years for maintenance.

 

Gary Loveman, CEO and president of Caesars Entertainment, signs an agreement extending the relationship between Harrah's and the Tribe during a ceremony on Friday, May 20 as Miss Cherokee Tonya Carroll and Principal Chief Michell Hicks look on. (SCOTT MCKIE B.P./One Feather photos)

    The relationship grants Harrah’s NC Casino Company, LLC, a subsidiary of Caesars, the exclusive right and obligation to develop, manage, operate and maintain the Casino operation.  The original agreement began in 1996 and continued for a five-year period.  It was amended in 1999 to last until November 2004, when it was renewed for an additional seven years.

     Principal Chief Michell Hicks and Gary Loveman, CEO and president of Caesars Entertainment, celebrated the continued relationship during a commemorative ceremony at Harrah’s Cherokee Casino & Hotel on Friday, May 20. The occasion marked the official completion of the first phase of the hotel’s $650 million expansion that will position Harrah’s Cherokee as the premier gaming destination in the Southeast, a world-class resort, entertainment and tourism destination.

     “I know we’ve taken great risks, but we’ve also seen great rewards,” said Honorable Chief Michell Hicks.  “We wanted to make sure we put a product out at that customers would enjoy.  Our decision was to make sure that we kept up with the market.”

– Harrah’s Cherokee

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