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This tool is available only to subscribers; please make sure you're logged in if you want to follow a story. A gaming analyst on Friday indicated bondholders may have few options other than to accept the offer. Last year it employed people, down from a high of The number of slot machines and table games were also reduced from a previous high of 1, slots and 22 table games. When you follow a story, the next time a related article is published — it could be days, weeks or months — you'll receive an email informing you of the update. River Rock was the first tribal casino in Sonoma County when it opened in It enjoyed a monopoly until Graton became the second in the county with the opening of its large gambling hall next to Rohnert Park in late Revenues plummeted almost immediately at River Rock by about 50 percent, according to tribal officials, who blamed it on the new competition from Graton. No spam or off-topic posts. Last year, it had 1, slots and 18 table games. Most of the half-dozen or so other tribal casinos across the country that defaulted on their obligations convinced creditors to accept new bonds with a lower face value, or other modifications, Fitch Ratings analyst Bumazhny said Friday. No disinformation about current events. These can't be changed, choose wisely! Also participating will be Stuyvesant Square Advisors, acting as financial advisor to River Rock, the Senior Notes trustee, and attorneys for all the parties. This icon can be updated by visiting Gravatar. Keep the conversation to the theme of the article. Log In Subscribe. In return, the tribe is precluded until early from trying to build a casino on land it owns south of Petaluma. Please choose a display name and image to use when commenting:. Your access to the comments has been temporarily suspended for the following reason s :. If you no longer want to follow a story, click the "Unfollow" link on that story.

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River Rock intends to hold a conference call with the group to discuss the offer.

Fendrick declined comment on the planned restructuring and resettlement proposal, which river rock casino napa valley described in a news release. River Rock has been forced to make a series of cost cutbacks as a result of its precipitous drop in revenues. Dry Creek Tribal Chairman Chris Wright, who typically does not speak to the media, did not respond to a request for comment.

You can reach Staff Writer Clark Mason at or clark. Your access to the comments has been permanently suspended. Read more Friday, Fendrick said business link River Rock has leveled off.

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River Rock Casino seeks to restructure debt. Log In. Claims of "Fake News" will be delayed for moderation No name calling. River Rock Casino, which took a financial blow after the bigger, glitzier Graton Resort and Casino opened nearly three years ago, is offering to restructure its overdue debt, but in a deal that would pay bondholders a fraction of what they are owed. It did not state the amount. Please note: This feature is available only to subscribers; make sure you're logged in if you want to follow a story.