"If you're still convinced that casinos are cash cows, you need to look at what has happened at Foxwoods in southeastern Connecticut.
At a glance you might think they're on easy street with nearly 40,000 patrons flocking every weekend to the tables and 6,300 slot machines. It employes upwards of 10,000 people in the sprawling complex that claims some 6.7 million square feet, large enough to accommodate the Pentagon.
It's not all a bed of roses though for the Mashantucket Pequot Tribal Nation that operates Foxwoods. In fact, the tribe today is faced with a debt of $2.3 billion, according to a New York Times report earlier in the week.
How could that possibly happen with the revenues they generate?"
Get the Story:
Don Glynn: Foxwoods Casino faced with staggering debt
(The Niagara Gazette 3/21)
Related Stories:
NYT: Behind the story on the
Mashantucket Tribe's casino (3/19)
Connecticut | New York | Opinion
Column: Mashantucket Tribe proves gaming isn't a cash cow
Thursday, March 22, 2012
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