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NEW YORK, Feb 25, 2015 (BUSINESS WIRE) -- Mohegan Tribal Gaming Authority (MTGA) and Mashantucket Pequot Tribal Nation (MPTN) may have to restructure again, according to Fitch Ratings. Fitch: Foxwoods and Mohegan may have to restructure again NEW YORK -- (PRESS RELEASE) -- Mohegan Tribal Gaming Authority (MTGA) and Mashantucket Pequot Tribal Nation (MPTN) may have to restructure again, according to Fitch Ratings. Their original restructurings did not cut enough debt and a recovery in casino operations never materialized. Foxwoods and Mohegan May Face Another Restructuring, Fitch Says Connecticut-based Foxwoods, operated by Mashantucket Pequot Tribal Nation, is “again in default on certain debt” less than two years after restructuring its borrowings, according to the report. Foxwoods casino closes on $2.3 billion debt (AP) MASHANTUCKET, Conn. (AP) – The Mashantucket Pequot Tribal Nation, which owns Foxwoods Resort Casino, announced Monday it closed on the restructuring of $2.3 billion in debt. It reduces the tribal nation’s debt by $550 million. As part of the restructuring, Foxwoods received $25 million of new ...
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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 GGB News | Foxwoods on Brink of Default The Mashantucket Pequot tribe, owner of the largest resort casino in the U.S., is increasingly burdened by debt―a billion dollars and counting―and may face a near-term default on loan payments. Foxwoods and Mohegan Sun, also in Connecticut, are both feeling the pinch. Foxwoods owners straining again under heavy debt Aug 23, 2014 · Additional Images. Foxwoods had unrivaled success for years after opening in 1992 but has struggled to reverse a downturn in recent years as competition has grown from gaming in neighboring states. The tribe, which defaulted on a debt of $2.3 billion in 2009, last year completed a restructuring process that reduced its debt to $1.7 billion.
Foxwoods Owner Wants to Restructure Its Debt - The New York Times
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Foxwoods Owner Wants to Restructure Its Debt - The New York Times
Foxwoods fails to make full debt payment - Indian Country News By John Christoffersen New Haven, Connecticut (AP) 11-09 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 amid the severe recession. Foxwoods Resort Casino Reviews | Glassdoor Glassdoor has 136 Foxwoods Resort Casino reviews submitted anonymously by Foxwoods Resort Casino employees. Read employee reviews and ratings on Glassdoor to decide if Foxwoods Resort Casino is right for you. Foxwoods to Reduce Hours for Portion of Casino - NBC Connecticut
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