Indian Gaming > Pojoaque Pueblo misses casino bond payment

June 25, 2009

Pojoaque Pueblo misses casino bond payment

Pojoaque Pueblo in New Mexico wasn't able to make a monthly payment on the $245 million bond for its new casino resort, The Santa Fe New Mexican reports.

The tribe is working with note holders to restructure terms of the deal for the Buffalo Thunder Resort and Casino, the paper said. The missed payment was for nearly $11.5 million.

"We're working with our investors, we're talking about the economic conditions and trying to get through this downturn in the economy," Gov. George Rivera told the paper.

The facility opened last August. The tribe operates another casino and two other hotels.

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Buffalo Thunder misses bond payment (The Santa Fe New Mexican 6/25)