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The New York Times Magazine said “Foxwoods is fighting for its life”, with debts of $2.3 billion. In August 2012, the tribe owning the Foxwoods Casino restructured over a billion dollars in debt in an attempt to remain profitable. The Tribe must have adopted a Tribal gaming ordinance that has been approved by the Chairman of the commission. The Particular form of class III gaming that the Tribe wants to conduct must be permitted in the state in which the tribe is located. Class I gaming is defined as traditional Indian gaming, which may be part of tribal ceremonies and celebrations, and social gaming for minimal prizes.
The Video Gaming Act was enacted in July 2009, authorizing the placement of Video Gaming Terminals in licensed Retail Establishments, Truck Stops, and Veteran and Fraternal Establishments. The VGTs are all connected to and monitored by a Central Communications System. Today, more than 8,000 licensed video gaming locations operate over 43,000 VGTs across the State – comprising the largest video gaming network of its kind in the world.
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