River rock casino revenue11/15/2023 ![]() Casino RevenuesThe Authority recognizes as casino revenue the net win from gaming. ![]() The Casino offers Class III gaming (as defined by the Indian Gaming Regulatory Act of 1988, as amended) on tribal land located in Geyserville, California. The deal enabled the tribe to reduce its revenue sharing payments with the county. The River Rock was suffering the impact from the Graton resort, and the tribe was only too happy to sign a deal that reduced its payments to the county from 3. River Rock Casino (the Casino) is a governmental development project of the Authority. The tribe at one point considered moving the casino to a different location but promised not to seek a new development after reaching an agreement with Sonoma County. "We’ve experienced no further erosion of business since the initial drop from Graton," River Rock general manager David Fendrick told the paper. ![]() The facility has been hit hard by the Graton Resort and Casino, owned by the Federated Indians of Graton Rancheria.Īccording to The Santa Rosa Press-Democrat, revenues at River Rock have fallen about 40 percent since the Graton facility opened in November 2013. The tribe defaulted on $165 million in bonds in May 2014 amid sagging revenues at the River Rock Casino. A $50 million loan would finance the restructuring, according to the River Rock Entertainment Authority. Pays certain bondholders about 30 percent of the amount they are owed. The Dry Creek Rancheria Band of Pomo Indians in California is seeking to settle its outstanding casino debt. The Dry Creek Rancheria Band of Pomo Indians owns and operates the River Rock Casino in Geyserville, California.
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