BOULEVARD, Calif. - After only five years of being in business, the La Posta Casino in Boulevard has closed its doors.

The Band of Mission Indians, the tribe who runs the casino, declined to comment.

In a letter to employees obtained by 10News, Chairperson Gwendolyn Parada said the casino must close "due to its current financial situation."

La Posta officially closed on Monday. On Tuesday, yellow tape blocked off the driveway leading into the parking lot. The tribe would not say how many employees have lost their jobs. When the casino first opened in 2007, it employed 60 staff members.

Parada thanked employees in the letter saying that the tribe would "guarantee that all the time that you have contributed to our tribe's dream will be monetarily satisfied in the end."

Some Boulevard residents believe La Posta may have been doomed from the beginning.

"It's really no surprise that they're closing,” said resident Shawn Koch. "They hardly ever had any business. The thing about La Posta is that it's kind of tucked away and you don't see it from the freeway, In fact, most of the people I know don't even know it exists."

La Posta has had to compete with the much larger Golden Acorn Casino, which sits right off Interstate 8.

For now, it seems the town of Boulevard may only be big enough for one casino.