If the agreement is not extended beyond its current expiration date and the lenders 'were to exercise certain default-related remedies, those circumstances would negatively impact the operations of the Enterprise,' Deloitte & Touche LLP, the firm that audited Foxwoods' financial statements, wrote in a letter to the Mashantucket Pequot Tribal Council, which oversees casino management. 30.ĭuring the year, Foxwoods, owned by the Mashantucket Pequot Tribe, defaulted on the terms of a $1.7 billion debt-restructuring and subsequently struck a 'forbearance agreement' with its senior lenders that expires June 30, 2015.
Foxwoods Resort Casino's current financial straits 'raise substantial doubt' about its future operations, auditors wrote in the casino's annual report for the 2014 fiscal year, which ended Sept.
