The Wilton Rancheria Tribe and Boyd Gaming have announced plans to break ground on the tribe’s gaming resort in Elk Grove, California, on Tuesday, March 9th, with construction to begin soon after.
The casino will open to the public in the second half of 2022, developed and operated by the Las Vegas-based company on behalf of the Wilton Rancheria.
When it opens, the casino will have up to 2,000 slot machines, more than 80 table games, and food and beverage options from Northern California’s local and regional brands.
Milestone in shared commitment
Keith Smith, president and chief executive officer of Boyd Gaming explained: “Next week’s ground-breaking will be a key milestone in Wilton Rancheria’s and Boyd Gaming’s shared commitment to creating an exceptional gaming experience in northern California.
“After years of planning, our focus will now turn to bringing the tribe’s vision for this project to life. We look forward to a 2022 opening and providing our partners the opportunity to finally achieve their long-standing vision of self-sufficiency.”
Full project funding from third party
The tribe has received full project funding from a third party for the casino, which will be built 15 miles south of downtown Sacramento and will be the nearest casino to both the state capital and the south Bay area when it opens.
Wilton Tribal Chair Jesus Tarango said: “Today we celebrate the hard-fought determination of generations of tribal members to create a future of dignity and self-sufficiency for Wilton Rancheria.
“This will be a transformative project that will provide resources to invest in housing, education, and healthcare for our more than 800 members, to preserve our language and culture, and to give back to the community for decades to come.”
Boyd Gaming released its newest trading report last month, showing a 23.6 percent decline in fourth quarter 2020 sales to $635.8 million (2019: $833.1 million), a 9 percent drop in adjusted EBITDA to $184.5 million (2019: $202.8 million), and a net income of $83.3 million compared to $24.3 million a year ago.