Lot's of rumors floating around.
Can anyone verify?
I am hearing the expansion is now on hold. Where is the money? Was the loan secured? Or did Pala (aka Robert) never even get the loan in the first place?
I am also hearing more per cap cuts are coming.
Seems there is a ton of tribal administration that could get cut before tribal members should be forced to take a cut.
How much longer will everyone keep voting in the same people only to watch the casino go down the tubes?
Looks like Pechanga is eating everyone's lunch including Robert's.
Friday, March 16, 2018
Wednesday, March 7, 2018
Pala Casino In The News
LINK: Is San Diego's casino industry over-saturated?
By Michele Parente
Excerpt:
-----------------------
Also on Tuesday, Pala Casino Spa & Resort confirmed an unspecified number of layoffs, citing facility closures prompted by a $170 million expansion and remodeling as well as economic pressures from “an increasingly competitive Southern California casino resort market.”
Including Pechanga and Pala, a total of six local casinos have been undergoing expansions, with Barona Resort & Casino, Sycuan Casino, Valley View Casino & Hotel and Viejas Casino & Resort adding hotels, restaurants, spas, casino space and hundreds of thousands of square footage to their properties.
Longtime Las Vegas-based Indian gaming expert Dave Palermo said he’s not surprised that San Diego’s current casino building-boom bubble could be bursting for some.
“It’s extremely crowded there,” Palermo said. “It’s extremely competitive.”
“Those expansion projects are more indicative of the increasing competition among the casinos themselves rather than the economy. They’re trying to keep pace with the rest of the operators rather than expand their market share.”
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Please click the link above to read the full article. It is very informative. Every tribal member should read it.
Condolences to the Freeman Family, God Speed Nikki. You are loved.
By Michele Parente
Excerpt:
-----------------------
Also on Tuesday, Pala Casino Spa & Resort confirmed an unspecified number of layoffs, citing facility closures prompted by a $170 million expansion and remodeling as well as economic pressures from “an increasingly competitive Southern California casino resort market.”
Including Pechanga and Pala, a total of six local casinos have been undergoing expansions, with Barona Resort & Casino, Sycuan Casino, Valley View Casino & Hotel and Viejas Casino & Resort adding hotels, restaurants, spas, casino space and hundreds of thousands of square footage to their properties.
Longtime Las Vegas-based Indian gaming expert Dave Palermo said he’s not surprised that San Diego’s current casino building-boom bubble could be bursting for some.
“It’s extremely crowded there,” Palermo said. “It’s extremely competitive.”
“Those expansion projects are more indicative of the increasing competition among the casinos themselves rather than the economy. They’re trying to keep pace with the rest of the operators rather than expand their market share.”
----------------------
Please click the link above to read the full article. It is very informative. Every tribal member should read it.
Condolences to the Freeman Family, God Speed Nikki. You are loved.
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