Casino Creditors, Heads Up: American Indian Tribes May be Ineligible for Bankruptcy
December 13, 2010
The federal law establishing the jurisdictional framework governing Indian gaming, the Indian Gaming Regulatory Act (IGRA), has greatly increased the amount of gaming operations operated by Indian tribes. Currently, there are over 360 tribal gaming operations within the United States.
The casino bankruptcy filings of Fontainebleau Las Vegas LLC, Station Casinos Inc., Tropicana Entertainment LLC, and Trump Entertainment Resorts illustrate that the gaming industry is not immune from economic downturn.
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