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Dry Creek Band misses debt payment after hit in casino revenue


Filed Under: California
More on: california, debt, dry creek, economy, graton
   

Gamblers at the River Rock Casino. Photo from Instagram

The Dry Creek Rancheria of California failed to make an interest payment on its gaming debt.

Revenues at the River Rock Casino have taken a big hit due to the opening of the nearby Graton Resort and Casino, owned by the Federated Indians of Graton Rancheria. The Dry Creek Band is now looking for ways to address its financial situation.

“Although the scheduled interest payment was not made, we want to assure our customers, vendors and employees that we are generating sufficient funds to operate our business and provide the excellent customer service that our patrons expect. Our immediate focus is identifying cost savings opportunities to adjust to the challenges of our new competitive environment,” David Fendrick, the CEO and general manager of the casino, said in a press release.

Get the Story:
River Rock Casino misses bond payment (The Santa Rosa Press-Democrat 5/2)

Related Stories:
Editorial: County right to question Dry Creek Band casino plans (04/08)

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