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Scott Butera named new CEO of Foxwoods casino - BusinessWeek

Thursday, 11 November 2010 17:32 administrator
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By STEPHEN SINGER

HARTFORD, Conn.

The new chief executive of Foxwoods Resort Casino's parent company says he will renegotiate debt and work with new partners as the eastern Connecticut hotel and casino looks to boost revenue and profit.

Scott Butera's appointment as head of

Mashantucket Pequot Gaming Enterprises was formally announced Thursday. He said in an interview that he will look to establish relationships with partners to be more competitive. He 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.




Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE3P9itce3qIM9AywsQRGcaCa_-cw&url=http://www.businessweek.com/ap/financialnews/D9JE5MN80.htm

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