The North Fork Rancheria of
Mono Indians signed a Class III gaming compact earlier this year for a casino in California.
But it could be some time before the tribe breaks ground on the $250 million project. Station Casinos, the tribe's partner, is having trouble securing financing for the casino and could end up filing for bankruptcy.
"Obviously this is a bad time to be trying to build a casino anywhere," analyst Joseph Weinert told The Fresno Bee.
Chairwoman Elaine Bethel-Fink wasn't sure what would happen if Station Casinos went bankrupt. "This economy was not anticipated," she told the paper.
The casino would be located near Madera, north of Fresno.
Get the Story:
Valley casino future unsure
(The Fresno Bee 11/29)
NEVADA ECONOMY: All lit up, but no one to serve (The Las Vegas Review-Journal 11/28)
Business Deals | California
North Fork Rancheria awaits casino financing
Monday, December 1, 2008
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