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Foxwoods Casino and its Portents

March 15, 2012
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Foxwoods Casino and its Portents

Casinos, like convention centers, over-expand, cannibalize each others’ customers, and eventually end up in the hole. Let exhibit A be Foxwoods, in Ledyard, CT. The New York Times Sunday mag chronicles its troubles this week. With $2.3 billion in debt (and a probable $600 million haircut for investors), Foxwoods, which is the largest casino...
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