The Mashantucket Pequot Tribal Nation of Connecticut continues to renegotiate more than $2 billion in casino debt.
The tribe entered into a forbearance agreement with its lenders. The agreement runs until January 20, 2010, giving the tribe more time to renegotiate debt without punitive action. The tribe reportedly owes as much as $2.3 billion related to the financing of Foxwoods Resort Casino and MGM Grand at Foxwoods. Slot machine revenues have fallen over the past year as the economy fell into recession. Get the Story: