Is Bankruptcy An Option For Tribal Casinos?

Law360, New York (March 11, 2011, 2:24 PM EST) -- Tribal economies are not immune to the recent global financial crisis and economic downturn. The Indian gaming industry was hit especially hard. After consistent year-over-year growth in tribal gaming revenues during the 1990s and continuing through 2008, industry revenues declined in 2009 and have continued to stagnate.

Amid reports of several tribal casino defaults — and many more tribes with significant debt maturing in the near future that will need to be restructured — tribes and creditors must consider two questions: Are tribes and their corporations...
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