Ho-Chunk Nation of Wisconsin has raised $610 million to finance construction of a new casino resort in Beloit.
KeyBanc Capital Markets Inc. successfully closed the transaction consisting of a $305 million revolving credit facility and a $305 million delayed draw term loan. Ho-Chunk will provide about $95 million of equity.
Ho-Chunk Nation currently owns and operates six gaming facilities under the Ho-Chunk Gaming Wisconsin brand, with locations in Black River Falls, Wisconsin Dells, Madison, Wittenberg, Tomah, and Nekoosa. Ho-Chunk Gaming Wisconsin is developing a new $705 million destination-style casino resort in Beloit. The property will feature over 1,500 slot machines and 40 table games, a 312-room hotel with a rooftop lounge, numerous food and beverage outlets, a 2,000-seat convention center, and a parking garage. Construction started in October 2024 with the casino expected to open in September 2026. The Hotel and Convention Center is expected to be completed in September 2027.
