The Shingle Springs casino employs 1,350 workers.Ī jury in December awarded $30 million to Sharp Image Gaming Inc., the tribe’s former business partner, over a breach-of-contract dispute. “Any efforts to presently execute on the judgment would likely have catastrophic consequences for the tribe and all who depend on the casino for their livelihood,” tribal attorney Sanford Kingsley wrote in a recent filing in El Dorado Superior Court. Under that scenario, the tribe said lenders would take steps to seize the casino’s cash, forcing Red Hawk out of business. With its financial pressures intensifying, the Shingle Springs Band of Miwok Indians warned in court papers of a “doomsday scenario” if the cash-poor tribe is forced to pay the December judgment. The owners of Red Hawk Casino say they may have to close the 3-year-old gambling palace following a devastating $30 million jury verdict. This article was recently posted in the Sacramento Bee: Is Red Hawk Casino Closing?ĭecide for yourself. Posted March 8th, 2012 by admin & filed under Bankruptcy.
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