In December 2020, the Rincon Band of Luiseño Indians purchased the Seven Mile Casino in Chula Vista, California for $62.5 million.
The Rincon Band is a federally recognized tribe of Luiseño Indians based in San Diego County, California. The tribe owns and operates the Rincon Reservation, located in the northwestern corner of the county. .
Get Started! Fast Withdrawal Slots Bonuses:
-
500% + 150 FS 1st Deposit
-
-
The Seven Mile Casino purchase is the latest in a series of acquisitions made by the Rincon Band in recent years. In 2019, the tribe purchased the Valley View Casino & Hotel in Valley Center, California for $40 million.
The Valley View property includes a hotel, RV park, and events center in addition to the casino. Prior to that purchase, the Rincon Band also acquired Harrah’s Resort Southern California (formerly Harrah’s Rincon) in Valley Center for $160 million.
PRO TIP:The Sycuan Band of the Kumeyaay Nation is the primary owner of Seven Mile Casino. The tribe has owned and operated the casino since its opening in 2009.
The Seven Mile Casino purchase was financed through a combination of cash on hand and loans from private lenders and the US government-backed Small Business Administration (SBA). The SBA loan was for $36 million and was used to purchase the real estate associated with the casino property.
The Rincon Band plans to invest approximately $10 million to renovate and rebrand the Seven Mile Casino property. The tribe also plans to add a hotel to the property in the future.
The Seven Mile Casino is located on 71 acres of land near Interstate 5 and State Route 54 in Chula Vista. The casino property includes a 39,000 square-foot casino with 750 slot machines and 20 table games, as well as a restaurant and bar.
The Rincon Band plans to keep all employees at the Seven Mile Casino property and is committed to supporting the local community through charitable donations and economic development initiatives.
6 Related Question Answers Found
In October of 2019, the group that owns Red Mile casino in Lexington, Kentucky was announced. The group is made up of five partners, all with experience in the gambling industry. The group includes:
– Steve Wynn: Wynn is the founder, former CEO, and current Chairman of Wynn Resorts.
Grand Lodge Casino is a Native American casino in Black Hawk, Colorado, owned and operated by the Gilpin County Board of Commissioners. The casino opened on October 1, 1991. It is located on the west side of town, just off Highway 119.
Golden Moon Casino is a privately owned casino located in the town of Choctaw, Mississippi. The casino is owned by the Mississippi Band of Choctaw Indians, a federally recognized tribe. The Golden Moon Casino opened its doors in 2009 and is one of the largest casinos in the state of Mississippi.
In 1992, the U.S. Supreme Court ruled that the State of New York owns the submerged land around Ellis Island, which includes the area where the Ellis Island Casino is located. However, the Court also ruled that the Federal government has jurisdiction over the submerged land and can therefore regulate activities on it, including gambling.
Red Rock Resort is a hotel and casino in Summerlin South, Nevada, located within the Las Vegas Valley. Owned and operated by Station Casinos, it is one of the company’s two flagship properties. The hotel, designed by Friedmutter Group with architectural work by Bergman, Walls & Associates, features 815 guest rooms and suites.
Hampton Beach Casino is a historic property located in Hampton Beach, New Hampshire. The casino has been in operation since 1899 and is one of the oldest continually operating casinos in the United States. The property is owned by the Hampton Beach Village Precinct, a political subdivision of the town of Hampton.
