Business Week,
3/11/2010
Billionaire casino magnate Steve Wynn, who helped remake Las Vegas, will try to rescue the long-stalled Foxwoods casino project on Philadelphia’s waterfront, reports Business Week.
The Pennsylvania Gaming Control Board temporarily put off any decision on yanking the license of the financially troubled Foxwoods Philadelphia Casino until Wynn has a chance to show them his plans to take it over and build a $600 million casino.
The recession has sunk a number of casino projects around the country. Foxwoods Philadelphia became the second one in Pennsylvania in need of a rescue, prompting its investors to reach out to Wynn.
Original source: Business WeekRead the full story here.