The Mashantucket Pequot Tribal Nation and the Mohegan Tribe could be reducing gaming payments to the state of Connecticut:
More recently, as Gov. Dannel Malloy continues to make concessions to the tribes, like withdrawing state police casino coverage that the tribes are supposed to pay for and now paying the tribes 12.5 percent of new state keno winnings, you have to wonder what else may lie down the road. What kind of new magic is being planned for state taxpayers? Of course, the magic of paying your creditors less than you owe is related to the tribe's unique protection from creditors. Lawyers seem to agree you can't force the tribes into bankruptcy, and even if you could, no one would have the authority to take over a big casino business on sovereign land. So what happens if one of the tribes decides that paying 25 percent of slot win to the state is no longer reasonable? Maybe if the tribe says you will get 10 percent and be happy for it, the state would be expected to see the magic of that.Get the Story: