The Graton Resort and Casino in California. Photo from Instagram
The Federated Indians of Graton Rancheria in California continue to see strong returns at the tribe's new casino. Graton Resort and Casino opened in November 2013. Station Casinos, which manages the facility, said it took in $88.9 million for the quarter that ended June 30. "Graton Resort & Casino recorded $88.9 million in net revenue and $53.8 million in Adjusted EBITDAM for the quarter," the company said in a press release, referring to earnings before interest, income taxes, depreciation, amortization, and management fees. "Station recorded $6.7 million in management fees from Graton Resort & Casino. For the first three months of this year, the casino saw $101 million in net revenue, according to a May 8 regulatory filing from Station Casinos. Get the Story:
Gaming Guru by Howard Stutz: Station Casinos says customers still hesitant to spend (Casino City Times 8/13)
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