Under that scenario, the tribe said lenders would take steps to seize the casino’s cash, forcing Red Hawk out of business. With its financial pressures intensifying, the Shingle Springs Band of Miwok Indians warned in court papers of a “doomsday scenario” if the cash-poor tribe is forced to pay the December judgment. The owners of Red Hawk Casino say they may have to close the 3-year-old gambling palace following a devastating $30 million jury verdict. This article was recently posted in the Sacramento Bee: Is Red Hawk Casino Closing?ĭecide for yourself. Posted March 8th, 2012 by admin & filed under Bankruptcy.
