Wynn Pulls Out Of Foxwoods Pennsylvania Casino Project
The news is surprising because earlier this week Wynn submitted sketches for his plans to finish the Foxwoods project and turn it into a luxury casino. He delivered the drawings to the state's Gaming Control Board weeks ahead of the proposal deadline of April 29. Designs showed a limestone building with red canopies, a fountain and lavish landscaping. It all seemed a done deal.
But then on Wednesday, the gaming board extended a $2,000-a-day fine on the Foxwoods Casino project even though Wynn had submitted both the design plans and financial info the regulators had requested. Perhaps Wynn became frustrated at that point. Certainly with Wynn out of the deal the Foxwoods project is in real danger of never being completed. Foxwoods does not have the money to continue the construction and there is a strong likelihood that the gaming license extended to the project may end up being pulled. Local sentiment on the project in South Philadephia has been mixed, some welcomed the jobs and potential tourism that it could bring while others worried over the local impact of having a casino nearby.