River Rock Casino to default on payment for building

GEYSERVILLE, Calif. (KGO) -- The operators of River Rock Casino near Geyserville have revealed they will default on millions of dollars in bonds used to build the facility.

The River Rock Entertainment Authority announced it will not make the May interest payment due Saturday.

The default comes just six months after the opening of Graton Resort and Casino in Rohnert Park which has cut into River Rock's revenue.

River Rock says it's looking for ways to cut costs and boost its marketing.

Despite the default, the casino will remain open.