GLI worked together with Comerica Bank to finance Blackford Capital’s acquisition of California-based designer and producer of audio/visual systems, Hall Research Technologies, LLC. The deal indicates the beginnings of a partnership between GLI and the Grand Rapids firm.
As part of the agreement, GLI will create a wholly-owned subsidiary that will receive 15 percent of the revenue sharing payment. The newly established entity, GLIMI, will use those funds to invest in non-gaming economic development initiatives within the State of Michigan.
Gun Lake Investment’s first investment — launching the $4.4 million Noonday Market, a convenience store and fast-food restaurant near Gun Lake Casino and U.S. 131 — builds off synergies with the gaming operation.
The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians and Gun Lake Investments held a ceremonial grand opening to celebrate the opening of Noonday, its first-ever non-gaming economic development project.