Tribal casino project looks to bonds for funding

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 The Estom Yumeka Maidu tribe of California has made provisions for the issuing of $440m in collateral-backed bonds in order to finance the construction of a casino resort.

It has been reported that the proposed project, to be situated in Yuba County if undertaken, could be run by a national operator, with the Hard Rock International name being referenced in local news sources.

The tribe has been attempting to construct a casino resort on reservation land since 2016 but to date has been hamstrung by a number of legal issues.

“We are moving ahead with preliminary steps to put the pieces together to get fully engaged in construction,” Estom Yumeka Maidu spokesperson, Charles Altekruse, said in a statement. “We are hoping to make a big announcement in the near future.”

The latest lawsuit threatening progress was recently thrown out by a federal appeals court and the tribe hopes to open doors late in 2019, should finance be secured in adequate time.

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