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| Volume XXIV Number 3 |
February 28, 2003 |
Tribe Sells Off Micco Assets
By Elrod Bowers
HOLLYWOOD — The Tribal Council sold off the assets
of Estumkeda, Ltd. at the regular Council meeting on Feb. 18. Estumkeda
Ltd. was the holding company for the assets of the Tribe’s Micco
aircraft company.
According to Executive Administrator Ken Fields, the assets were sold to a local
company for approximately $850,000. “That is $300,000 better than if we
had liquidated the assets,” said Fields.
The Council also:
*Approved an operating lease agreement and systems licensing agreement with Sierra
Design Group for new Class II gaming devices.
All of the machines currently in the Tribal casinos are supplied by Labtronix.
Hollywood Councilman Max Osceola, Jr. asked Lyle Bell, Senior Vice President
Information Systems for the Seminole Hard Rock Casinos, if these machines would
supplement or replace the Labtronix machines.
Bell responded that, over time, the Labtronix machines would be completely replaced
by the new machines.
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