The new chief executive of Foxwoods Resort Casino's parent company will renegotiate debt and work with new partners as it works on boosting revenue and profit, Scott Butera said on Thursday.
Butera was appointed head of Mashantucket Pequot Gaming Enterprises and said he wants to establish relationships with partners to be more competitive, but did not identify possible partners.
The Mashantucket tribe, which owns Foxwoods, has been seeking to restructure billions of dollars in debt. Butera was not specific about the dollar amount involved in negotiations, but he said creditors have not imposed a deadline for renegotiating debt.
Butera has been president and chief executive of Las Vegas-based Tropicana Entertainment Inc. and succeeds interim President William Sherlock.
