MASHANTUCKET, Conn. (AP) — The tribe that owns and operates the Foxwoods Resort Casino on Thursday announced an agreement to restructure $2.2 billion in debt, resolving a financial crisis surrounding the largest casino in the Western Hemisphere.
The Mashantucket Pequot Tribal Nation had imposed new austerity measures on tribal members as it renegotiated the debt. Earlier this year, the tribe in southeastern Connecticut ended shared revenue stipends that once exceeded $100,000 annually for each adult.
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