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MGM Resorts International Message Board

  • pumpers_blow pumpers_blow Jul 16, 2012 11:24 PM Flag

    MGM-Foxwoods

    Foxwoods Casino struggling wih debt

    The Associated Press

    HARTFORD, Conn. — The chairman of the Indian tribe that runs Foxwoods Resort Casino in eastern Connecticut says the weak economy and sharply rising competition in the Northeast are making it hard to renegotiate $2.3 billion in debt.

    Rodney Butler, chairman of the Mashantucket Pequot Tribal Council, said in an interview on WNPR radio on Tuesday that casinos expected to open in Massachusetts in the next few years and table games that he expects to be approved by voters in Rhode Island in November will sharply cut into revenue for Foxwoods and its competitors.

    He said the debt accumulated because the Mashantucket tribe chose to seek growth over the years.

    Butler also said more limits on smoking in the casino are not likely as Foxwoods seeks to cater to patrons who enjoy smoking while gambling.

 
MGM
22.36Oct 23 4:03 PMEDT

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