Foxwoods casino defaults on its debt

Foxwoods, Mashantuckets in a tenuous debt position | Hartford ...

FoxwoodsONLINE FoxwoodsONLINE loading Foxwoods Owner Wants to Restructure Its Debt - The New Aug 27, 2009 · Foxwoods Owner Wants to Restructure Its Debt. News of the tribe’s efforts to restructure the casino’s debt were first reported by The Day of New London, Conn. On Wednesday, Gov. M. Jodi Rell held a news conference to address concerns that a default by the casino would hurt state revenue. Last fall, Foxwoods announced 700 layoffs. Foxwoods to default - News - telegram.com - Worcester, MA Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle Foxwoods and Mohegan May Face Another Restructuring, …

Foxwoods completed a major, costly expansion with the 30-story MGM Grand hotel and casino at the height of the recession in 2008. The resort has four hotels, more than 6,300 slot machines and 360 ...

Foxwoods is the benchmark for an industry in flux. As reporter Michael Sokolove puts it: The casino is underwater, like a five-bedroom Spanish colonial in a Nevada subdivision. The Pequots misjudged the market, borrowed too much and expanded unwisely. Foxwoods’s debt is on a scale befitting the size of the property — $2.3 billion. Foxwoods to default - News - telegram.com - Worcester, MA Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle ... State, Foxwoods scuffle over tax status of new gaming machines

Foxwoods casino closes on $2.3 billion debt (AP)

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Foxwoods casino closes on $2.3 billion debt (AP)

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