Sealaska invests in California casino

Posted: Tuesday, October 03, 2000

JUNEAU (AP) -- Sealaska Corp. plans to wrap up negotiations to invest in a gaming operation on land near Escondido, Calif., belonging to the San Pasqual band of Indians.

The plan calls for First Nation Gaming to build a 40,000-square-foot temporary gaming facility followed by a 67,000-square-foot casino resort.

''This is an important milestone in our initiatives to diversify and broaden our revenue sources,'' Sealaska chief executive Robert Loescher said in a prepared statement.

First Nation is owned by the Tunica Biloxi Tribe of Louisiana and R&R Gaming of America. Sealaska is the Juneau-based regional Native corporation for Southeast Alaska.

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