SectorWire
SearchRegister
MenuClose

North Fork Rancheria closes nearly $725m financing for California casino resort

Funding

The North Fork Rancheria of Mono Indians of California said it closed a financing agreement worth nearly $725m for the North Fork Mono Casino & Resort near Madera. The delayed-draw term loan was arranged by its economic development authority with a lender syndicate led by VICI Properties; affiliates of Red Rock Resorts will develop and manage the project.

The financing supports development of a casino resort planned to include about 2,400 slot machines and 40 table games.

End-of-day close VICI Properties (VICI), USD, to 16 June 2025
Story date18 March 202516 June 2025

Latest reported results

Vici Properties NYSE: VICI

Quarter ended 30 September 2026

Revenue
USD 1.07bn10-Q filing 0001705696-26-000120

Red Rock Resorts NASDAQ: RRR

Quarter ended 30 September 2026

Revenue
USD 488.7m10-Q filing 0001653653-26-000017
Operating income
USD 26.7m10-Q filing 0001653653-26-000017

Request a correction

Flag an issue

Keep reading

Regulation

Federal judge rejects Chukchansi tribe’s bid to halt North Fork casino

A federal judge in Fresno denied the Picayune Rancheria of the Chukchansi Indians’ request to make North Fork Mono Casino suspend operations. The casino opened on 27 October; Judge Kirk E. Sherriff said Picayune had not demonstrated the immediate, irreparable harm required for preliminary relief. Picayune’s lawyer said the tribe would appeal to the Ninth Circuit.

In Fresno, a federal judge turned down a request from Picayune Rancheria, the Chukchansi tribe, to halt operations at North Fork Mono Casino. The new casino in Madera remains open as the dispute heads toward the Ninth Circuit.

Continue reading