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Indian casino bankruptcy legalized casino gambling in November, but it will be years before the three casinos authorized will be operating. In re InianNo. The businesses survived economic downturns in the s and s and were seen as immune to recessions, he said. This was the first one in California. Andrew Cuomo announced this primms casinos and that he would work with the Genting Group, one of the world's largest casjno companies, to transform the Aqueduct horse track into a megaplex that would eventually include the nation's largest convention center, 3, hotel rooms and a major expansion of a casino that began operating in October.Santa Ysabel Resort & Casino was an Indian owned and operated casino located on the Santa On July 2, the casino filed for Chapter 11 Bankruptcy following massive losses and a lawsuit for unpaid fees issued by San Diego County. The casino's biggest lender, another Indian tribe, has asked a San Diego bankruptcy judge to toss out the filing by the Iipay Nation of Santa. Santa Ysabel Resort and Casino — an Indian tribe gambling venue in northern San Diego County — filed for bankruptcy protection as it faced.