Steve Wynn Taking Another Shot At A Casino In Philadelphia
Steve Wynn Taking Another Shot At A Casino In Philadelphia
Steve Wynn Taking Another Shot At A Casino In Philadelphia
Rumors are swirling in the Philadelphia Real Estate community that Las Vegas casino magnate Steve Wynn will again attempt to bring a casino to Philadelphia. Numerous sources are reporting that Wynn will apply for Philadelphia’s remaining casino license so he can build a casino and hotel in Fishtown on the waterfront. A quick Google search confirmed the rumors. Here’s what Philly.com is reporting:
“The Las Vegas casino operator confirmed in a telephone interview this morning that he will file an application with the state’s Gaming Control Board to secure the city’s second casino license. He said he has an option for the parcel of land controlled by builder James Anderson on North Beach Street, just north of Penn Treaty Park. Today, he added, Wynn Resorts will present the Nutter administration with a local impact report…An artist rendering of the project, Wynn said, will not be ready until Tuesday. But he added that the hotel for “Wynn Philadelphia” would resemble the company’s Encore hotel in the Chinese city of Macau. The deadline for filing a casino application with the state is Nov. 15. Two other contenders already have come forward with plans, including local developer Bart Blatstein and a partnership including the company behind Parx Casino and the Cordish Cos. of Baltimore. Wynn said he would build a 150,000 square foot casino for 900 to 1,000 slot machines and 100 table games. The hotel would have 300 rooms. “It’s such a perfect site,” Wynn said. “It allows for the kind of growth and the creation of a destination resort that these local casinos haven’t done before.”
Wynn Philadelphia marks Steve Wynn’s second attempt at bringing a casino to Philadelphia. . In April 2010, Wynn was involved in the Foxwoods Casino project momentarily before he abruptly withdrew from the project
Blog post compliments of the CenterCityTeam Philadelphia Real Estate Blog
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