Cherokee raise bet on casino and hotel.

PositionWESTERN

The Eastern Band of Cherokee Indians launched a $650 million expansion of its Harrah's Cherokee Casino and Hotel. Construction will start in June and be completed in about five years. The tribe plans to add a third hotel tower, spa, restaurant, two parking decks, stores, showroom and more than 1,600 video-gaming machines--pushing the total to more than 5,000. The project will add 1,000 jobs, boosting...

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