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Mashantucket Tribe warns of slight decline in casino revenue


Filed Under: Connecticut
More on: debt, economy, mashantucket
   

The Mashantucket Pequot Tribal Nation of Connecticut expects gaming revenue to decline in fiscal year 2013, The Wall Street Journal reports.

Revenue at Foxwoods Resort Casino is expected to hit $1.1 billion, the paper said. That's down 1 percent from the year prior.

The facility has struggled since recession. But the tribe just completed a deal to restructure $2.3 billion in debt to $1.7 billion.

As part of the deal, Foxwoods will report quarterly earnings and hold investor and analyst meetings, CEO Scott Butera told the Journal.

Get the Story:
Casino Owner Reaches Debt Deal (The Wall Street Journal 6/30)

Related Stories:
Mashantucket Tribe finalizes deal to restructure gaming debt (06/26)

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