Pojoaque Pueblo in New Mexico wasn't able to make a monthly payment on the $245 million bond for its new casino resort, The Santa Fe New Mexican reports.
The tribe is working with note holders to restructure terms of the deal for the Buffalo Thunder Resort and Casino, the paper said. The missed payment was for nearly $11.5 million.
"We're working with our investors, we're talking about the economic conditions and trying to get through this downturn in the economy," Gov. George Rivera told the paper.
The facility opened last August. The tribe operates another casino and two other hotels.
Get the Story:
Buffalo Thunder misses bond payment
(The Santa Fe New Mexican 6/25)
Business Deals | Openings and Closings
Pojoaque Pueblo misses casino bond payment
Thursday, June 25, 2009
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
• South Dakota tribes out 'millions' over slots• Column: Let Narragansett Tribe operate racino
Indian Gaming Archive