Reversal of Fortune at Foxwoods

Tribal members once received as much as $100K per year. Now they have a food pantry.

Once one of America's wealthiest communities, the Indian reservation revived by the Foxwoods Resort Casino is reeling from a financial reversal.

The success of the casino allowed Mashantucket Pequot Tribal Nation members to live for two decades without concern for money, generating shared revenue stipends that once exceeded $100,000 annually for each adult.

Now, Foxwoods is struggling with debt exceeding $2 billion and payments to members stopped this month.

The tribe has opened a food pantry for needy families, counselors are providing guidance on how to pursue jobs and tribe members have been left to ponder the end of what once seemed a sure bet.

Residents of the reservation in southeastern Connecticut said many are anxious about what will happen to the tribe next.

The last report of slot machine revenue shows the house kept $50.6 million in slot revenue in February, down from $51.1 million the year before, the Day of New London reports. The casino does not release other revenue data.

Copyright AP - Associated Press
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