Vegas Crest Casino
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.
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