The Mashantucket Pequot Tribal
Nation of Connecticut continues to negotiate with its lenders over $1.3 billion in gaming debt.
The tribe has been unable to make payments on the debt since last fall. A $700 million revolving credit is due July 13 so talks have taken on a new urgency, The Wall Street Journal reports.
Revenues at Foxwoods Resort Casino and
MGM Grand at Foxwoods have fallen consistently over the past year.
Get the Story:
Foxwoods Debt Talks Are Test of Tribal Bets
(The Wall Street Journal 7/2)
Connecticut
Mashantucket Tribe continues talks to restructure gaming debt
Friday, July 2, 2010
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