Financing repayment delay sought for Navajo casino - KTRE.com | Lufkin and Nacogdoches, Texas

Financing repayment delay sought for Navajo casino

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FLAGSTAFF, AZ (AP) -

The Navajo Nation's new casino near Flagstaff is off to a slow start, and the tribal company that operates it wants to postpone paying down its debt.

The Navajo Nation Gaming Enterprises is working on putting together a temporary agreement to delay repayment of money it borrowed to build the $200 million facility.

The Arizona Daily Sun reports that Twin Arrows Navajo Casinos Resort had a weak start, with sparse crowds at the casino on a recent weekend.

For a time the casino lacked significant signage off casino property, but Twin Arrows recently erected a massive electronic billboard to announce itself to travelers on Interstate 40.

CEO Derrick Watchman says marketing efforts also are being stepped up, with a more aggressive campaign of TV and print advertising.

Copyright 2013 Associated Press. All rights reserved.

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