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Foxwoods Still Committed to Mississippi Site

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "According to the project manager for the redevelopment of the Broadwater Hotel site, Foxwoods Development Co. has not pulled out of its deal to build a casino there.

"Mark Calvert, of investment banking firm Cascade Capital, said Foxwoods' 60-day exclusive window to conduct due diligence ran out within the last 10 days. Foxwoods is looking at an approximately 16-acre site on the 261-acre property being developed by W.C. 'Cotton' Fore and Roy Anderson III.

"…An official at Foxwoods declined to comment, referring questions to the tribe's public-relations office in Connecticut. Phones messages left there were not returned Wednesday afternoon.

"The tribe had previously touted a plan to invest $400 million or more in Biloxi.

"…Officials had said the casino here would operate like non-Indian casinos in Mississippi, paying the same taxes and being subject to the same rules and regulations…"

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