Wynn Terminates Philadelphia Deal

Written by :

Guest

Published on :

8 April, 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

LeBron James’ Next Team Speculation is Driving Huge Action at Prediction Markets

LeBron James Next Team betting markets have so far generated over $200 million just on Kalshi.

Trial Continues for One Time Exec of Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Trial Continues for One Time Exec Tied to Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Businessman Yorgen Fenech who once had ties to Malta's BestPlay Gaming Ltd is on trial accused of complicity in journalist Daphne Caruana Galizia voluntary homicide and criminal association.

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.

Former DraftKings Las Vegas Employee Arrested

A former DraftKings sports trader, Samuel Silverman, was arrested on felony charges for allegedly conspiring with a Fresno State basketball player to manipulate game statistics for betting purposes.