The Native American tribe that runs Foxwoods Resort Casino completed a far-reaching deal with creditors that caps a saga that roiled investors for more than three years and raised questions about unusual rules governing gambling enterprises on Indian reservations, the Wall Street Journal reported today. The Mashantucket Pequot Tribal Nation, which owns Foxwoods in Ledyard, Conn., reached an agreement with more than 100 creditors to restructure about $2.3 billion of debt. Chief Executive Scott Butera said that the restructuring deal would cut the tribe's total debt to about $1.7 billion and allow it to extend due dates on loans and bonds.
