Wynn Terminates Philadelphia Deal

Submitted by Guest on

Written by :

Guest

Published on :

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

 

Gambling Companies
Business & Financial
Gambling News
Las Vegas

betonline Ace Per Head pro bookiesBetMania 

betphenix sportsbetting skybook

Related Content

Graton Resort & Casino Hosts World Premier of Aristocrat Gaming's Buffalo Super Rush

Santa Rosa, California's Graton Resort & Casino Hosts World Premier of Buffalo Super Rush

Guests at the Sonoma County resort could be heard yelling “Buffalooo!” across the casino floor as the all-new game made its debut. Graton celebrated the premiere with a free pull event for guests, with the chance to win $110,000 in cash prizes.
Real App Names FanDuel Its First Official and Exclusive Sportsbook and Prediction Market Partner

Real App Names FanDuel Its First Official and Exclusive Sportsbook and Prediction Market Partner

Partnership integrates FanDuel odds and contextual markets into Real’s live experience and creates a new way for FanDuel to connect with the next generation of sports fans.
VGW Responds to New York AG Settlement: Will Continue to Operate Using Its Gold Coins Play

VGW Responds to New York AG Settlement: Will Continue to Operate Using Its Gold Coins Play

"VGW appreciates the NYAG’s recognition of VGW’s cooperation throughout its investigation and looks forward to continuing to operate its online social games in the State of New York solely through Gold Coins play."
Chumba Casino Parent to Pay New York State $8 Million Settlement

Chumba Casino Parent to Pay New York State $8 Million Settlement

New York Attorney General Letitia James today confirmed the state had secured the $8 million from VGW Holdings Pty. Ltd. and its affiliates (VGW), one of the largest operators of so-called “sweepstakes casinos".