Mohegans warn of difficulty in paying termination fee

01/4/2010 | Norwich Bulletin (Conn.)

The Mohegan Tribal Gaming Authority said it may have difficulty repaying 5% of revenue to Trading Cove Associates as part of an early-termination fee. The Mohegan tribe terminated its seven-year agreement two years early in 1999 with Trading Cove, which helped finance the construction of the Mohegan Sun casino. The agreement is scheduled to expire on Dec. 31, 2014.

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Norwich Bulletin (Conn.)

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