Dry Creek Rancheria announces deal for $200M in gaming debt

Tuesday, December 6, 2011

The Dry Creek Rancheria Band of Pomo Indians of California announced an agreement to restructure about $200 million in gaming debt.

The debt was due November 1 but the tribe's creditors agreed not to pursue default pending a restructure. The deal is now complete, with about 92 percent agreeing to new terms, according to a press release.

Last month, the tribe reported an increase in revenues at the River Rock Casino.

Get the Story:
River Rock bondholders OK debt deal (The Santa Rosa Press-Democrat 12/6)

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Dry Creek Rancheria reports an increase in casino revenue (11/15)
Credit ratings lowered for Dry Creek Rancheria gaming debt (11/10)
Dry Creek Rancheria reaches deal for $200M in casino debt (11/3)
Opinion: Dry Creek Rancheria faces gaming debt deadline (11/1)
Dry Creek Rancheria in rush to pay off $200M casino debt (10/21)