Jamul Indian Village Development Corporation
Tribal economic development through gaming and hospitality ventures.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $515m | Debt | |
| Total Funding | 000k | ||
The Jamul Indian Village Development Corporation (JIVDC) is the economic development entity of the Jamul Indian Village of California (JIV), a federally recognized Kumeyaay Indian Tribe. Established to foster economic self-sufficiency for the tribe, the JIVDC owns and operates the Jamul Casino Resort in San Diego County.
The Jamul Indian Village's history in the region dates back 12,000 years. The tribe gained federal recognition as a sovereign nation in 1981, a pivotal moment that affirmed their self-governance and paved the way for economic development. The JIVDC was formed to pursue business ventures to generate revenue for the tribal government, which funds essential services like healthcare, education, and housing for its members and supports community projects.
The corporation's primary asset is the Jamul Casino Resort, which opened in 2016. The $430 million facility features nearly 1,700 slot machines, over 40 live table games, a poker room, and multiple restaurants and bars. The casino is a significant economic driver for the region, employing over 1,000 people. The JIVDC has successfully completed several major refinancing deals to improve the tribe's financial standing, consolidate debt at lower interest rates, and fund expansion projects. A notable recent project is the development of a new 16-story, 200-room hotel at the casino, funded in part by a $515 million credit facility secured in 2023.
The JIVDC is governed by a seven-member Board of Directors, chaired by Erica M. Pinto, who also serves as the Tribal Chairwoman of the JIV. The corporation's strategy focuses on leveraging the success of the casino to diversify the tribe's economy for long-term stability and the benefit of the greater community.
Keywords: tribal economic development, Jamul Indian Village, Kumeyaay Nation, gaming enterprise, casino operations, hospitality management, tribal sovereignty, economic self-sufficiency, Jamul Casino Resort, San Diego gaming, tribal government funding, casino financing, hotel development, community reinvestment, Erica M. Pinto, Native American business