Mashantuckets' $2.3B debt restructuring could answer unknowns about Indian casinos defaulting

Author:
Updated:
Original:

For months, the recession's effect on tribally owned casinos has been raising troubling questions in Indian Country. What would happen if a tribal casino defaulted? Could the U.S. bankruptcy code protect a tribe from creditors? Could some entity other than a tribe manage a casino? Could a casino-owning tribe continue to use gaming revenues to pay members while keeping lenders at bay?