Mashantucket Tribe continues to negotiate $2.2B casino debt

Thursday, April 25, 2013  

The Mashantucket Pequot Tribal Nation of Connecticut has extended negotiations for $2.2 billion in gaming-related debt.

The tribe incurred the debt through the operation and expansion of the Foxwoods Resort Casino. Restructuring would lower the amount owed to creditors to about $1.3 billion, according to a press release.

The tribe is continuing negotiations through May 15.

Mashantucket Tribe proposes $1B casino in neighboring state (04/15)