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Foxwoods In Trouble

This is an interesting link that was posted on the Harrahs Casino VP site:
http://www.nypost.com/p/news/business/black_crapshoot_kMFpdF9qJoDR7egvsOGPII#ixz\
z0XAWFAHRe

Article states that Appolo Equity is buying alot of Foxwoods' debt.

  Larry F.

The Danbury News-Times had an extensive review of the situation:

http://www.newstimes.com/news/article/When-the-house-runs-out-of-chips-Tribes-teeter-on-261523.php

http://www.newstimes.com/news/article/As-revenue-falls-tribe-s-investors-now-making-261524.php

http://www.newstimes.com/news/article/Foxwoods-loan-deals-with-Malaysian-Vegas-261525.php

As bad as the current state is, I don't think the way to increase your handle is to lower paytables and raise the coin-in to earn a point to 270.

But maybe I've developed OldTimers disease, and have forgotten my undergrad ECO101 course's Law of Supply & Demand: the higher you raise the price, the lower your sales volume. As all the casinos have found out, the supply of players money is NOT inelastic: raise the price, we play less.

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