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| related topics |
| {debt, indebtedness, cash} |
| {competitive, industry, competition} |
| {gas, price, oil} |
| {interest, director, officer} |
| {regulation, change, law} |
| {property, intellectual, protect} |
| {personnel, key, retain} |
| {acquisition, growth, future} |
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Risks Relating to Our Business
The report of our Independent Registered Public Accounting Firm contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern.
We have a substantial amount of indebtedness, which could adversely affect our financial condition.
Our failure to generate sufficient cash flow from our gaming and other resort operations could adversely affect our ability to meet our debt service obligations.
Our failure to make a scheduled interest payment on our senior notes due 2010 constitutes an event of default and the notes could be declared immediately due and payable.
If our senior notes are declared immediately due and payable, it would constitute a default under the terms of our furniture and equipment loan and the lenders thereunder could declare the outstanding loan to be immediately due and payable and may enforce their rights to the collateral securing the loan, which would have a material adverse effect on our business.
Restrictive covenants in the indenture governing the notes may limit our ability to expand our operations and capitalize on our business opportunities.
We may not be able to realize the benefits of our business strategy.
Federal, state and Tribal laws and regulations, and our gaming compact, regulate our gaming operations and noncompliance with these laws and regulations by us or the Tribe, as well as changes in these laws and regulations (which are susceptible to changes in public policy) or future interpretations thereof, could have a material adverse effect on our ability to conduct gaming, and thus on our ability to meet our debt service obligations.
We compete with casinos, other forms of gaming and other resort properties. If we are not able to successfully compete, we will not be able to generate sufficient cash flow to meet our debt service obligations.
We are highly dependent on our surrounding market area. As a result, we face greater risks than a geographically diverse company.
We may face difficulties in recruiting, training and retaining qualified employees.
The terms of four of the eight voting members of the Tribal Council expire each year and the terms of the Tribe s President and Vice President expire every two years; changes in the Tribal Council or its policies could affect the Resort or other aspects of our business.
Energy and fuel price increases, such as the recent dramatic increases in gasoline prices, may adversely affect our costs of operations and our revenues.
Full 10-K form ▸
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