The resort’s Lafayette, Calif.-based lender, Bar-K Inc., filed the notice on Dec. 11, citing an original loan of $50 million.
In a statement, the Siena said it “has not remained insulated” from the ailing economy, but that “comprehensive reorganizational efforts” are under way to prevent foreclosure.
Opened in July 2001, the Siena terminated all of its 18 full-time dealers and other part-time dealers in August and converted much of its casino into a nightclub-style entertainment center.
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