The Agua Caliente Band of Cahuilla Indians of California saw a 2.6 percent drop in earnings at one of its casinos.
The Agua Caliente Casino Resort and Spa cost $400 million. The hotel at the casino opened in April 2008 and a 2,000-seat performance venue opened in February.
The drop in revenues contributed to a downgrade in the tribe's bond rating. Fitch Ratings gave the tribe a BB+, down from BBB-.
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Agency downgrades tribe's bond rating
(The Riverside Press-Enterprise 12/10)