Casino To Be A Wynn-Wynn For Wynn Says Wynn

wynn0508.jpgINQUIRER: Casino mogul Steve Wynn on Monday declared that his plans for a South Philadelphia casino would be “Wynn top to bottom,” carrying both his name and signature design. After meeting for an hour and fifteen minutes with Mayor Nutter at City Hall Monday night, Wynn said in an interview with The Inquirer: “We only have one brand. We don’t have a down-market brand. It’s our place.” When Wynn Resorts surfaced in February as a new developer to take over the faltering Foxwoods Casino project, there was speculation that he might not bring his style of high-end casinos to Philadelphia. […]  If Wynn Resorts takes over the Foxwoods Casino project, it will be just the latest twist in a tortuous history. An arm of the Mashantucket Pequot tribe of Connecticut was originally supposed to develop and operate the casino, but fell on economic hard times. Local investors, led by developer Ron Rubin, New Jersey entrepreneur Lewis Katz, and Comcast-Spectacor chairman Ed Snider, have been scrambling for the past year to find a replacement for the tribe. Wynn said that on Friday he signed a binding “term sheet,” outlining details of how control would change to Wynn Resorts. “As for Steve Wynn, the deal is done,” he said. MORE

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