11/21/2023 0 Comments Foxwoods casino of connecticut 1992The first ( here) details the Town of Ledyard’s crusade to collect taxes on the non-Indian owners of the slot machines used at Foxwoods. Here are two news articles on the question. Foxwoods’s debt is on a scale befitting the size of the property - $2.3 billion. The Pequots misjudged the market, borrowed too much and expanded unwisely. The casino is underwater, like a five-bedroom Spanish colonial in a Nevada subdivision. ![]() These days the tribe is dealing with the latest improbability in its turbulent history: financial havoc. (Members trace their bloodlines to 11 Pequot families counted in a 1900 census.) Not surprisingly, the casino and its largess rejuvenated the tribe, whose population is now about 900. Full-blown casino gambling came to Foxwoods in 1992 and in the two decades since has produced not millions but billions of dollars of revenue. In 1986, it opened a high-stakes bingo hall. Through his efforts, the tribe won federal recognition in 1983. ![]() Her grandson was Richard Hayward (known as Skip), a pipe welder and a former short-order cook with an audacious vision, innate political skills and a flair for dealmaking. In the early 1970s, just one resident remained on a Pequot reservation in Ledyard, now the site of Foxwoods - an elderly woman named Elizabeth George.
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