Mashantucket Tribe continues talks to restructure gaming debt

Friday, July 2, 2010  

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)