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Wealthy gambler resolves dispute over $1.2M to Mohegan Tribe

Thursday, July 28, 2011

A wealthy gambler has settled a dispute over $1.2 million owed to the Mohegan Tribe of Connecticut.

Jerome Powers, a Florida millionaire, lost the money while gambling at Mohegan Sun. He signed an agreement allowing the tribe to pursue debt collection in tribal court "and courts of the state of Connecticut," The New London Day reported back in March.

Powers was fighting the tribe's collection efforts in state court but entered settlement talks. Terms of the deal weren't disclosed.

Get the Story:
Conn. casino, TV network executive settle dispute over $1 million gambling debt (AP 7/28)

Related Stories:
Wealthy gambler in talks to pay $1.2M owed to Mohegan Tribe (3/23)