17 years and counting: Red Rock casino project with North Fork moving forward in California
Red Rock Resorts’ long-stalled tribal casino project near Fresno, California could finally be back in the development stage some 17 years after the Las Vegas-based gaming company first became involved in the project.
One analyst said Tuesday the proposed $350 million casino-resort with North Fork Rancheria of Mono Indians could replace Red Rock’s current management deal for the Graton Resort near Santa Rosa, some 50 miles north of San Francisco.
“The project has been tied up in litigation,” Trust Securities gaming analyst Barry Jonas told investors Tuesday. “While new litigation is always possible, we think this win gives both Red Rock Resorts and the tribe the go-ahead to proceed.”
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