Wynn Eyes Philly
Casino impresario Steve Wynn has set his sites on Philadelphia’s Foxwoods Casino project, which has stalled for years amid neighborhood and political opposition.
The development is in jeopardy of losing its license over the delays, and Wynn Resorts recently signed a letter of intent to manage and get the project back on track.
Following a review by Pennsylvania Gaming Control Board, Wynn told the Philadelphia Inquirer the development will be “out of the box as quickly as we can,” pending approval.
The property will reportedly feature “all the bells and whistles of a good-looking casino,” but will not be a “destination resort” with a hotel.
It will, however, bear the Wynn name, which Mayor Michael Nutter apparently took as a good sign.
“They said this will be one of the properties they run as a high-end casino,” Nutter told the Inquirer. “To me, this indicates his level of commitment.”
The original financiers for the Foxwoods, which included the Mashantucket Pequot Tribal Nation and a group of local investors, will continue to hold a majority stake in the project, the paper said.