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morongo casino arcadeIts cause remains under investigation.The table games and slot machines are closed.“The failure to extend or renew the Concession Agreement or obtain a new concession, and the resulting ability of the WML Senior Notes holders to exercise the Special Put Option, would have a material adverse effect on the Company’s business, financial condition, results of operations, and cash flows,” said the operator.These hotel-casinos are in Stateline, Nevada, just east of the California town of South Lake Tahoe.Local law must be altered prior to that effort commencing, and that’s how the five-year extension could take place.“The failure to extend or renew the Concession Agreement or obtain a new concession, and the resulting ability of the WML Senior Notes holders to exercise the Special Put Option, would have a material adverse effect on the Company’s business, financial condition, results of operations, and cash flows,” said the operator.seminole casino entertainment