Casino entrepreneur Steve Wynn announced this week that he’s planning to become Foxwoods Casino’s new partner – and source of much-needed revenue.
You can hear more about his plans for the casino set to be built in South Philly here: http://www.dailyfinance.com/event/wynn-resorts-limited/wynn/nas/conference-calls
Any changes Wynn might want to make to the original Foxwoods’ plan – even his involvement in Foxwoods – will need approval from the Pennsylvania Gaming Control Board.
The PGCB hasn’t been so happy lately with Foxwoods, denying its request for more time to come up with site drawings and openly dissing the casino’s efforts to get up and running at a hearing in late January. Board members told Foxwoods’ attorney that real progress had to be made by the meeting scheduled for Wednesday or the casino could lose its license.
Attorney Fred Jacoby promised a deal with a new investor was coming soon. Wynn says he will outline his plans to the board.
The Wednesday meeting is scehduled for 10 a.m. in Hearing Room One of the Public Utility Commission’s Keystone Building, 400 North Street, Harrisburg.
Also this week, the anti-casino group Eastern Pennsylvania Citizens Against Gambling has asked the Pennsylvania Supreme Court to reconsider its decision upholding the state gaming control board’s not to allow EPCAG to intervene in Foxwood’s request for a license extension.
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