BREAKING: Steve Wynn Pulls Out Of Foxwoods Fail

wynn0508.jpgBUSINESS WIRE:Wynn Resorts, Limited announced today 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. MORE

PHILLY CLOUT: Just this week, Wynn released a colorful sketch of the casino he said he was planning on the banks of the Delaware River on Columbus Boulevard at Reed Street in South Philly.  Wynn and the local investors who won the state casino license in 2006 filed an agreement with the state Gaming Control Board last week, spelling out his plans to assume a financial stake in the venture. MORE

PREVIOUSLY: Casino To Be A Wynn-Wynn For Wynn Says Wynn

PREVIOUSLY: Steve Wynn To Takeover Foxwoods Fail

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