Connecticut Tribe to Invest Casino Profits in a Boatyard
The old-salt maritime culture of New London, Conn., has appeared headed for the history books in recent years. The whaling fleets are faded memories, the submarine bays mere shadows of their cold war height. Ten miles up the Thames River in Ledyard, the Mashantucket Pequot Indian tribe has surged from one triumph to another as owner of what is estimated to be the country's most profitable gambling enterprise, Foxwoods Casino. From hotels and golf courses to spas and gravel quarries, the tribe has poured its millions into the local economy, becoming the economic engine of the region and its largest private employer.