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Foxwoods says it will operate as normal despite debt woes

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The American Indian tribe that operates Foxwoods Resort Casino says it has sufficient cash to operate as normal while it works with its lenders to restructure its debt. The Mashantucket Pequot Tribal Nation issued a statement acknowledging the effect of the recession and increased competition. The tribe says it recently initiated discussions with its lenders “about potential debt structure options, including a range of refinancing and recapitalization alternatives.”

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