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Viejas Business Manager Departs

Frank Riolo, the first chief executive for Viejas Enterprises Inc., resigned from the position May 22 to pursue other opportunities, said Viejas Enterprises spokesman Bob Scheid.

“Frank felt he had accomplished a lot here, and it was time to pursue other opportunities,” Scheid said.

Riolo was hired in 2002 after serving as the CEO of Borrego Springs Bank for seven years. The Viejas Band of the Kumeyaay Indians acquired a majority stake in Borrego Springs Bank in 1996, and became its sole owner in 2004.

Borrego Springs Bank held $86 million in assets as of the end of 2006.

Under Riolo’s tenure, Viejas Enterprises has grown to become among the largest and most lucrative Indian casino businesses in the county, although the tribe does not disclose any financial data. It has about 2,300 employees.

The business operating unit of the Viejas Tribal Government encompasses a casino; an outlet retail center; two business partnerships that have developed hotels in Washington, D.C., and Sacramento; a concert-booking and reservations company; the bank; and two recreational vehicle parks in Alpine.

The tribe has begun what will be a national search to replace Riolo. It appointed Lyn Baxter, the former chief operating officer for Viejas Enterprises, as interim CEO.

, Mike Allen

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