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Pennsylvania Gambling News Brief

Steve Wynn to take over Foxwoods casino project

philly.com,  Tuesday, February 23, 2010 at 5:54:41 PM

Las Vegas impresario Stephen A. Wynn has agreed in principal to take over the delayed Foxwoods Casino project in South Philadelphia.

Wynn Resorts has signed a non-binding agreement, outlining the terms and conditions for assuming control of the project from local investors and the Mashantucket Pequot tribe.

The original investors - called Philadelphia Entertainment and Development Partners - would still have a stake in the casino, but control would shift to the Wynn organization, sources said.

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