It’s official: Yuba County will be home to a Hard Rock hotel and casino.
Members of the Estom Yumeka Maidu Tribe of the Enterprise Rancheria celebrated the news on social media Thursday morning, saying the deal had been established to open Hard Rock Fire Mountain Casino and Hotel in 2019.
“The Enterprise Rancheria is thrilled and honored to work with Hard Rock International, one of the world’s most recognized brands. Together, our goal is to bring the best, most exciting and authentic gaming, hospitality, and entertainment experiences to Northern California,” said Glenda Nelson, tribal chair, in a prepared statement.
Details on the size of the facility and what it would include were not provided Thursday.
“Hard Rock International is honored to partner with Enterprise Rancheria in a market that is a great fit for the brand. This is one of the first transactions since Hard Rock International completed the acquisition of casino and hotel-casino rights in the western U.S.,” according to Hard Rock International in a prepared statement.
News about the partnership was first made public in a June 19 credit rating report released by S&P Global. The report stated the Enterprise Development Authority, an agency of the tribe, had plans to issue $440 million in collateral-backed bonds to finance the construction of a hotel and casino in Yuba County.
The authority, the report stated, planned on using the senior secured notes, along with $12 million in new subordinated loans, to fund the development and construction of the Hard Rock hotel and casino, establish a funded interest reserve, fund pre-opening operating costs and cage cash, and fund transaction fees and expenses.
“I’m super excited about the news,” said Gary Bradford, a Yuba County supervisor whose jurisdiction includes the area along Forty Mile Road where the casino will be built. “I’ve been a strong supporter for the project for at least eight years. I think the jobs it’s going to bring during construction, the permanent jobs, the additional dining options and entertainment residents will have access to will be great. It’s just one more piece of the puzzle to enhancing economic development in south Yuba County.”
The Enterprise Development Authority expects the casino to open in late 2019, according to the credit report.
The Enterprise Rancheria casino has been held up for years from federal lawsuits brought by other casinos questioning the tribe’s right to purchase their 40-acre tract and make it part of their territory and open a gambling operation on it. Another motion was recently filed asking the 9th District Court of Appeals to reconsider a recent finding that gave Enterprise Rancheria the go-ahead.