Deadwood Grand Settles With EB-5 Investors — Lawsuits Over Failure To Repay Loans Expected To Be Dismissed

EB-5 News

Date

Dec 18, 2019

Share

65 EB-5 investors loaned $32.5 million to an LLC called Tentexkota to build the Deadwood Mountain Grand Hotel, Casino and Event Center. While all but one of the 65 EB5 green card investors received their Green Cards, they never received their capital back. This lead to a three-year legal battle over the unpaid loan

After a federal judge recently ruled that the money was owed to the investors, the two sides reached an undisclosed settlement, thus ending the protracted legal battle. Read the Black Hills Pioneer story

Sign up for our EB-5 Weekly newsletter