BREAKING: Steve Wynn Pulls Out Of Foxwoods Fail

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. […]

GAMBLOR: Steve Wynn To Takeover Foxwoods Fail

INQUIRER: 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. He only offered a general idea of what he had in mind, saying it would be a one-story casino with two or three levels of parking on either side. Asked how much Wynn Resorts would spend on the waterfront site, […]