Wynn withdraws bid for N.Y. racetrack

Steve Wynn surprised competitors on Wednesday by withdrawing his bid to build a casino at the Aqueduct racetrack in Queens, N.Y. Wynn, the chief executive officer of Wynn Resorts, had proposed a Las Vegas-style gambling and entertainment complex for the racetrack that was reportedly more expensive than other bids. Five bidders remain for the project, including Penn National Gaming. Final offers are due on Friday.

New York Times, The | 11/04 Bookmark and Share

This story published in AGA SmartBrief a G2E production on 11/05/2009





More from SmartBrief:

Singapore casinos won't threaten Asian market, says Steve Wynn:

Wednesday, September 23, 2009

Casino industry cuts executives' pay to save money

Wednesday, July 22, 2009

Wynn Resorts COO sells $7.35M in company stock

Wednesday, August 5, 2009

Get stories like these delivered daily for FREE:
AGA SmartBrief a G2E production
Designed specifically for gaming industry executives, AGA SmartBrief is a FREE daily e-mail newsletter produced in partnership with the American Gaming Association and the Global Gaming Expo. It delivers must-read casino-entertainment industry news directly to you each weekday. Learn more