BUSINESS WIRE:Wynn Resorts, Limited announced today that Development Associates, LLC, and certain other of its wholly owned subsidiaries have terminated all agreements and negotiations with respect to a potential investment in the Foxwoods Casino project in Philadelphia, PA. “We are fascinated by the legalization of full gaming in Pennsylvania and stimulated by the opportunity that it presents for Wynn Resorts, but this particular project did not, in the end, present an opportunity that was appropriate for our company,” commented Stephen A. Wynn, Chairman and CEO of Wynn Resorts, Limited. MORE PHILLY CLOUT: Just this week, Wynn released a colorful sketch […]
Casino To Be A Wynn-Wynn For Wynn Says Wynn
INQUIRER: 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. […]