(3) Heather Perlberg Katherine Burton, Indian Casino Bets Pay Off for Och-Ziff.
www.bloomberg.com/news/articles/ ... ay-off-for-och-ziff
Quote:
“Och-Ziff offers loans with annual rates as high as 15 percent to be paid back in about five to seven years, according to people familiar with the deal.
“About 40 percent of the recognized tribes have gaming operations, according to the National Indian Gaming Commission. Their revenues reached $29 billion last year
Note:
(a) summary underneath the title in print: The hedge fund offers expensive loans to tribes with limited options
(b) “After struggling for more than a decade to secure land and financing, the Jena Band of Choctaw Indians was finally able to build its $30 million Pines Casino in Dry Prong, La, thanks to a high-priced loan from Och-Ziff Capital Management.”
(i) Jena Band of Choctaw Indians
https://en.wikipedia.org/wiki/Jena_Band_of_Choctaw_Indians
(received Federal recognition in 1995; Tribal membership totals 241; The tribe is headquartered in Jena, Louisiana
(ii) Jena, Louisiana
https://en.wikipedia.org/wiki/Jena,_Louisiana
(section 1 History)
(A) In Battle of Jena-Auerstedt, French defeated Prussia and occupied it thereafter. King of Prussia "fled to Memel, East Prussia, where they fell on the mercy of Emperor Alexander I of Russia. Alexander, too, suffered defeat at the hands of the French." en.wikipedia.org. Then French invasion of Russia (June 24-Dec 14, 1812) failed. And Prussia came back to life.
(B) A daughter of George W Bush is Jenna.
https://en.wikipedia.org/wiki/Jenna
An unusual female given name, Jenna is Latinized form of Jennifer.
(iii) “The anthropologist John Swanton suggested that the Choctaw derived their name from an early leader.” en.wikipedia.org
(c) “More than half of the casino’s profits go to Och-Ziff, the $46 billion hedge fund company run by ex-Goldman Sachs trader Daniel Och.”
(i) A hedge fund, Och-Ziff Capital Management “was founded in 1994 by Daniel Och with financial support from the Ziff family, founders of Ziff Davis Media.”
(ii) Compare:
(A) The publisher of New York Times is Arthur Ochs Sulzberger, Jr whose (Jewish) grandparents were surnamed Sulzberger, and Ochs, respectively.
(B) German English dictionary
Ochs (noun masculine): “(regional or poetic) alternative form of Ochse ox”
https://en.wiktionary.org/wiki/Ochs
(iii) The German surname Och had a separate origin and meaning. |