Wynn Resorts pulls out of Philadelphia casino project

04/9/2010 | Wall Street Journal, The · Philadelphia Inquirer, The

Wynn Resorts Ltd. abruptly dropped its plans to develop the Foxwoods Casino in Philadelphia, one week after submitting design plans to state regulators. Steve Wynn said in a statement that "this particular project did not, in the end, present an opportunity that was appropriate for our company." The Pennsylvania Gaming Control Board granted the casino license for the project in 2006, and Wynn partnered with the original developers earlier this year.

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Wall Street Journal, The · Philadelphia Inquirer, The

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