Valley casino future unsure11/29/2008, Fresno Bee The Las Vegas company that wants to build a $250 million casino off Highway 99 near Madera is struggling financially and may have trouble lining up money to fund the project, gaming industry analysts say. Even worse, Station Casinos could file for bankruptcy, which would force the Mono Indians of the North Fork Rancheria to search for a new financial partner and delay the project indefinitely. "Obviously this is a bad time to be trying to build a casino anywhere," said Joseph Weinert, an analyst with the New Jersey research firm Spectrum Gaming Group. Despite the nation's faltering economy -- which has not spared even the resilient gaming industry -- tribal officials say the project could break ground as early as 2010. They say the Madera casino will generate thousands of jobs and inject tens of millions of dollars into local business and government coffers. |