“We decided not to compete with some of the big boys, and it was a great opportunity for us to capitalize on our investment.” (Courtesy photo)“At this point, it was in our strategic plan not to own a tech company,” Buro told Tribal Business News.
The southern California tribe started working with investment banking firm Deutsche Bank about a year ago to quietly explore the sale of the Pala Interactive LLC business in a process that generated “legitimate interest” from a couple of parties, said Pala Casino & Resort CEO and Chief Marketing Officer Fred Buro.įred Buro, CEO and chief marketing officer of Pala Casino & Resort. The Pala Band of Mission Indians plans to sell off the iGaming software company it launched in 2013 and use the proceeds both to pay down debt and to invest in other revenue-producing acquisitions.
