πŸ€‘ River Rock Casino woes mount as revenue is cut in half

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Sonoma County OKs new River Rock Casino. Geyserville Up to $ million to go to government under agreement. Jim Doyle, Chronicle Staff.


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Located in Geyserville, River Rock Casino opened for business in with two temporary buildings and about 60 slot machines.


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reviews of River Rock Casino "We were in Napa anyway, so we thought we'd head over to River Rock and check it out. It's in a beautiful location, but it all.


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Located in Geyserville, River Rock Casino opened for business in with two temporary buildings and about 60 slot machines.


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reviews of River Rock Casino "We were in Napa anyway, so we thought we'd head over to River Rock and check it out. It's in a beautiful location, but it all.


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McGuire said that despite the drop in visitors to River Rock, β€œIt's still more than Alexander Valley and Geyserville ever saw prior to the casino being constructed.


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McGuire said that despite the drop in visitors to River Rock, β€œIt's still more than Alexander Valley and Geyserville ever saw prior to the casino being constructed.


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The offer by the tribal-owned casino outside Geyserville would pay bondholders a fraction of what they are owed.


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reviews of River Rock Casino "We were in Napa anyway, so we thought we'd head over to River Rock and check it out. It's in a beautiful location, but it all.


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The hour casino overlooking the Russian River off Highway between Geyserville and Healdsburg would soon expand to 1, slot.


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Also participating will be Stuyvesant Square Advisors, acting as financial advisor to River Rock, the Senior Notes trustee, and attorneys for all the parties. River Rock was the first tribal casino in Sonoma County when it opened in It enjoyed a monopoly until Graton became the second in the county with the opening of its large gambling hall next to Rohnert Park in late Revenues plummeted almost immediately at River Rock by about 50 percent, according to tribal officials, who blamed it on the new competition from Graton. River Rock Casino seeks to restructure debt. These can't be changed, choose wisely!

The "Follow This Story" feature will notify you when any articles related to this story are posted. Fendrick declined comment on the planned restructuring and resettlement proposal, which was described in a news release.

Your access to the comments has been temporarily suspended for the following reason s river rock casino geyserville. Send a letter to the editor. It did not state the amount. Please note: This feature is available only to subscribers; make sure you're logged in if you want to follow a story.

Claims of "Fake News" will be delayed for moderation No name calling. If you no longer want to follow a story, click the "Unfollow" link on that story. Please note:. Most of river rock casino geyserville half-dozen or so other tribal casinos across the country that defaulted on their obligations convinced creditors river rock casino geyserville accept new bonds with a lower face value, or other modifications, Fitch Ratings analyst Bumazhny said Friday.

Last year, it had 1, slots and 18 table games. Please choose a display name and image to use when commenting:. River Rock intends to hold a conference call with the group to discuss the offer.

No disinformation about current events. Log In. Last year it employed people, down from a high of The number of slot machines and table games were also reduced from a previous high of 1, slots and 22 table games. Keep the conversation to the theme of the river rock casino geyserville.

A gaming analyst on Friday indicated bondholders may have few options other than to accept the offer. Please read our commenting policy No profanity, abuse, racism, hate speech or personal attacks on others. River Rock has been casino reel to make a series of cost cutbacks as a result of its precipitous drop in revenues.

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River Rock Casino, which took a financial blow after the bigger, glitzier Graton Resort and Casino opened nearly three years ago, is offering to restructure its overdue debt, but in a deal that would pay bondholders a fraction of what they are owed. Log In Subscribe. This icon can be updated by visiting Gravatar. On Friday, Fendrick said business at River Rock has leveled off. Your access to the comments has been permanently suspended. This tool is available only to subscribers; please make sure you're logged in if you want to follow a story. There's also an "Unfollow" link in every email notification we send you. Dry Creek Tribal Chairman Chris Wright, who typically does not speak to the media, did not respond to a request for comment. In return, the tribe is precluded until early from trying to build a casino on land it owns south of Petaluma. You can reach Staff Writer Clark Mason at or clark. No spam or off-topic posts. When you follow a story, the next time a related article is published β€” it could be days, weeks or months β€” you'll receive an email informing you of the update.