February 26, 2010

Wynn Has plan for Foxwoods Casino in Philadelphia


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Stephen A. Wynn, chairman of Wynn Resorts, said yesterday that he would go to Harrisburg Wednesday to outline to the state Gaming Control Board his plans for a Philadelphia casino that he said would be "the cutest casino you have ever seen."

Wynn discussed for the first time his ideas for reviving the Foxwoods project in South Philadelphia during a conference call with stock analysts after the release of the Las Vegas company's year-end results.

Wynn Resorts confirmed Tuesday that it had signed a letter of intent to take control of developing and running the struggling Foxwoods Casino project. But the deal is contingent on approval from Pennsylvania gaming regulators. The Foxwoods project is at risk of losing its license for repeated delays since winning one of the city's two slots licenses in 2006.

Via Philadelphia Inquirer

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Posted by Jay Brewer at February 26, 2010 9:13 AM
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