The Estom Yumeka Maidu of the Enterprise Rancheria received the Large Deal of the Year Award Tuesday from the Native American Finance Officers Association (NAFOA) for its work partnering with Hard Rock International and the Seminole Tribe of Florida to build a new casino and hotel in Yuba County.
“We are pleased to recognize the Enterprise Rancheria for their perseverance and leadership in bringing about this extraordinary deal for the benefit of their members and the larger community,” said VaRene Martin, director of Tribal and Corporate Relations for NAFOA, in a press release.
Enterprise Rancheria is partnering with the Seminole Tribe and Hard Rock International on the Hard Rock Hotel & Casino Sacramento at Fire Mountain project currently under construction on Forty Mile Road in Yuba County. The casino is set to open this fall.
Last July, Enterprise Rancheria issued $450 million of senior secured notes to finance the construction of the new facility.
“The Enterprise Rancheria is thrilled to receive this award and honored to work with Hard Rock, the Seminole Tribe, our banks and financial and legal advisers to make possible the best, most exciting and authentic gaming, hospitality, and entertainment experiences in Northern California,” said tribal Chairperson Glenda Nelson in a press release. “Construction has progressed full-steam ahead since last summer and we are on track for an exciting fall 2019 grand opening.”
The joint effort represents one of the largest partnerships ever between two sovereign Native nations and the first since Hard Rock International completed the acquisition of casino and hotel-casino rights in the western U.S.
The NAFOA was created to highlight the role of tribal finance in fostering economic opportunities. Tuesday’s award ceremony was conducted during the association’s annual conference in Portland, Ore.