California governor signs updated gaming compact with Trinidad Rancheria tribe
The updated deal allows the tribe to continue operating its casino under renewed terms.
US.- California governor Gavin Newsom has signed a revised gaming compact with the Trinidad Rancheria. The updated agreement allows the tribe to continue operating its casino under renewed terms through December 31, 2025, extending and arrangement that was formalised in 1999 and updated in 2022 and 2023.
No new provisions were introduced in the revised gaming compact, which ensures continuity of operations at the Cher-Ae Heights Casino and authorises the tribe to offer slot machines, blackjack, and other casino games on tribal lands under the Indian Gaming Regulatory Act (IGRA).
The compact requires compliance with guidelines, independent audits and monitoring by the California Gambling Control Commission.
North Fork Rancheria of Mono Indians secures $725m for new resort
The North Fork Rancheria of Mono Indians of California recently closed a $725m financing agreement for the development of North Fork Mono Casino & Resort near Madera. The delayed draw term loan facility was agreed between the North Fork Rancheria Economic Development Authority, a wholly owned entity, and a syndicate of lenders led by VICI Properties.
The North Fork Mono project will be developed and managed by affiliates of Red Rock Resorts. The casino and resort will have approximately 2,400 slot machines, 40 table games, two restaurants, three bars, a food hall, a small retail offering and parking. Pre-construction activity began in September 2024.
