A view of the River Rock Casino in Geyserville, California. Photo from Facebook
The Dry Creek Rancheria of California continues negotiations to refinance its casino debt, newly-elected Chairman Chris Wright said. The River Rock Casino took a major hit after another tribe opened a casino in the area. Revenues dropped about 50 percent and staff has been reduced. “Everything is on the back burner right now while we negotiate our bonds,” Wright told The Petaluma Argus-Courier. The tribe defaulted on $140 million in debt a year ago. Wright also shot down rumors of an off-reservation casino at a site that's been the subject of speculation for years. He said no land-into-trust application is on file with the Bureau of Indian Affairs. "It’s not in the cards,” Wright told the paper. "A casino off reservation is too hard." Get the Story:
No casino plans for Petaluma land, Dry Creek Tribe says (The Petaluma Argus-Courier 6/22)
Related Stories
Dry
Creek Rancheria struggling to see gaming revenues recover (09/15) Dry Creek Rancheria heads into default on casino-related debt (05/29)
Dry Creek Band misses debt payment after hit in casino revenue (05/02)
Editorial: County right to question Dry Creek Band casino plans (04/08)
Join the Conversation
