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Madera Casino Update - Nov. 2023
The North Fork Rancheria's plan to build a $400 million casino and hotel near Madera, California, has been tied up in court with legal challenges for the past 19 years. The tribe's development partner, Red Rock Resorts, says that delay is coming to an end.
In a statement last week, Red Rock said there is only one case still pending in court. All the others cases have been resolved. The statement reads:
"We do not believe the case will interfere with the right or ability of North Forks to conduct gaming on its federal trust land.
"And we continue to work with the tribe to progress our efforts with respect to this project, including working toward the approval of a management agreement, continuing our work on the development and design and having preliminary talks with prospective lending partners.
"We are making good progress on these fronts, and will continue to provide updates on our quarterly earnings calls."
Stephen Cootey
Executive VP, CFO, Treasurer
Red Rock Resorts
A groundbreaking was previously scheduled for June 2021, but was blocked by the California 5th District Court of Appeals. That ruling is under appeal to the California Supreme Court.
