The economy continues to impact Pojoaque
Pueblo in New Mexico but the tribe's gaming revenues appear to be improving.
The tribe's net win from its two casinos was $12.2 million in the first quarter of 2010, The Albuquerque Journal reported. That's an increase of 1.7 percent from the first quarter of 2009.
But the boost isn't enough to help pay off the $245 million bond used to finance the Buffalo Thunder Resort
and Casino. The tribe is about to miss its third payment of $11.5 million.
The casino opened in September 2008, right before the economy collapsed.
Get the Story:
Buffalo Thunder May Miss Another Bond Payment
(The Albuquerque Journal 5/24)
Related Stories:
Pojoaque Pueblo misses 3rd payment on
$245M casino bond (5/19)
Lac du Flambeau deal was unique in
tribal gaming industry (5/12)
Business Deals
Pojoaque Pueblo reports yearly net gain in casino winnings
Monday, May 24, 2010
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