Camel Rock Casino, located in Santa Fe, New Mexico, USA, was a Native American casino owned and operated by the Santa Clara Pueblo. The casino was open for business from 1992 until 2019.
The casino was named after Camel Rock, a nearby natural rock formation. It featured a 12-story hotel with 200 rooms, a convention center, and a gaming floor with over 700 slot machines and 30 table games.
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The Santa Clara Pueblo Tribe purchased the land for the casino in 1989 for $4 million. The tribe then invested $40 million to build the facility, which opened in 1992.
The casino was successful in its early years, but began to struggle financially in the mid-2000s. In 2006, the tribe defaulted on its $27 million loan from Bank of America.
PRO TIP:Camel Rock Casino closed its doors in October 2017 after more than 20 years of operation. The closure was due to economic difficulties and the high cost of regulatory compliance.
The tribe then filed for Chapter 11 bankruptcy protection in 2008. .
The casino continued to operate while in bankruptcy, but was unable to make a profit. In 2012, the tribe reached a deal with Bank of America to restructure its debt.
As part of the deal, the tribe agreed to close the casino if it failed to make a profit by 2014.
The casino did not make a profit in 2013 or 2014, and as a result, it closed its doors on August 31, 2019. The closure left over 200 people out of work.
The Santa Clara Pueblo Tribe has not announced any plans to reopen the casino.
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