“As of December 31, 2017, these future funding commitments totaled approximately $29 million,” the SEC note read. It also provided additional delayed draw term loans and a limited completion guarantee for certain post-opening construction costs related to roadway improvements. ![]() The SEC note said that San Diego Gaming Ventures had previously made a $98 million loan to Jamul Indian Village for the construction, development, equipment and operations of the casino. The Jamul project has been a disaster from the get-go.” Penn National is bailing due to fat losses. On her Facebook page, Jacob wrote: “SEC filing shows huge bet on Hollywood Casino has gone bust. The casino had been planned by the small Jamul tribe since the 1990s construction on the four-acre parcel began in 2014. The eight-story facility with 1,000 employees has more than 1,700 slot machines and 50 live table games. The $360 million Hollywood Casino, long opposed by community groups and county Supervisor Dianne Jacob, who dubbed it “Hollywood Horror Show,” opened in October 2016 on Highway 94. ![]() ![]() She said the tribe has hired a team of experts to help it make the transition and find a general manager to oversee operations. Erica Pinto, tribal chairwoman, said employees were informed Thursday of the change in management, which she characterized as a step toward self-sufficiency, “which was our goal all along.”
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