Can The Pequots Stay On A Roll?

They're expanding with a new casino and facing up to rivals

One of the biggest hotels in the U.S. now rises in the eastern Connecticut woods near Ledyard. Pequot Tower, a $350 million hotel/convention center/casino, which opened on July 3, is a striking symbol of the Mashantucket Pequots' phenomenal success since entering the gambling business with the Foxwoods Resort Casino in 1992. "They are in an enviable position: They have this enormous cash cow and the only question is, are they going to do anything to screw it up?" says Steven H. Hochman, an analyst with Moody's Investor Services.

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