Wynn Terminates Philadelphia Deal

Written by:
Guest
Published on:
Apr/08/2010

A Foxwoods Casino in Philadelphia?  It's not happening.  At least Wynn will no longer be part of the project.

Wynn Resorts, Limited (NASDAQ: WYNN) announced Thursday 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.

Atlantic City was likely breathing a sigh of relief with that bit of news.

Gambling911.com Staff

 

Business/Financial News

Pay Per Head Fees – How They Work

Many folks new to the world of Pay Per Heads often have questions about the fees.  The word itself usually results in negative connotations such as those useless fees charged by your bank or when on vacation at a fancy resort.

Syndicate

Subscribe to Syndicate
More