Submitted by lvvadmin on Wed, 02/24/2010 - 06:17
photo by flipchip • lasvegasvegas.com
Wynn Las Vegas
Wynn Resorts is seeking to take over Foxwoods Casino Philadelphia.
Foxwoods Development, which runs Foxwoods Resort in Connecticut, is in the midst of expanding to South Philadelphia but ran into money issues of over $1.4 billion. Those issues caused the project to stall.
If approved by the Pennsylvania Gaming Control Board, the bailout money from Wynn would return the Las Vegas developer to the East Coast. Wynn has long been interested in a casino in Connecticut (Steve Wynn was born in New Haven and went to the University of Pennsylvania).
Currently Wynn owns Wynn Las Vegas, Encore Las Vegas, and Wynn Macau.
