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July 26, 2016
Lack of financial funding has caused construction at the $170 million Fire
Mountain Resort & Casino. The casino resort is owned by the Enterprise Rancheria
Indian tribe. The tribe believes that legal battles with competing tribal
casinos, like Thunder Valley Casino, have made obtaining loans difficult.
Ground was broken three months ago on the new entertainment complex.
Temporary financing was all the tribe was able to secure. Other lenders would
not grant permanent financing until the court cases were finalized.
As of now, Fire Mountain casino operates under a Class II gaming license. The
casino offers games like electronic bingo. The casino is 50,000 square feet. The
tribe is interested in obtaining a Class III gaming license to be able to offer
more types of games and become more of a competitor in the Sacramento area.
In February the state was ordered by a federal judge to allow for the tribe to
operate Class III gaming and sign a compact between state and tribe. However
when a compact could not be agreed upon, a mediator became necessary. The
compact that was approved by the tribe still needs the U.S. Interior Department
to sign off on it.
Opponents to the Enterprise Rancheria tribe's project have been actively
trying to stop them.
Return to California Casinos.
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