July 11, 2010 |
The Foxwoods Casino project could be rescued by a neighbor in nearby Chester - Harrah's Entertainment. The country's largest gaming company is in talks with the Foxwoods group about becoming a new partner, replacing Las Vegas casino titan Steve Wynn as developer and manager of the South Philadelphia gaming hall, according to sources familiar with negotiations. Under Pennsylvania law, Harrah's could acquire only a 33 percent stake in the venture, since it already controls a casino in the state.
December 17, 2010 |
HARRISBURG - After four years, the Pennsylvania Gaming Control Board finally ran out of patience with the Foxwoods Casino project. In a decision that shocked Foxwoods' attorneys and left anti-casino activists giddy with victory, the commissioners voted, 6-1, Thursday to strip the project of its $50 million slots license. What will happen next, no one knows. This is the first time the state has revoked a gaming license. If the matter winds up in court, it could mean that Philadelphia does not see a second casino for some time.
May 23, 2009 |
Calling the past year "a highly tumultuous period," Foxwoods Casino asked state regulators yesterday for up to two more years to get a slots parlor open in Philadelphia. Under its slots license, Foxwoods was supposed to have 1,500 slot machines in operation by this coming Friday. In its petition for an extension, Foxwoods told the Pennsylvania Gaming Control Board that it would miss that deadline "through no fault of its own. " The original site for the slots parlor has moved from the waterfront in South Philadelphia to the Gallery in Center City - and now to the old Strawbridge & Clothier store at 801 Market St. No hearing has been scheduled.
August 8, 2007
Officials of Foxwoods Casino, which is proposing a site in the Pennsport neighborhood of South Philadelphia, will return Aug. 21 to the city Planning Commission to seek approval of the $560 million project and a required zoning change. Foxwoods failed to get the commission's approval last month. Commissioners wanted more time to answer questions about the combined effect of traffic from Foxwoods and the city's other planned waterfront casino, SugarHouse, on North Delaware Avenue in Fishtown.
March 7, 2006 |
The $350 million casino planned for the Delaware River waterfront in South Philadelphia that would be operated by the tribe behind Connecticut's Foxwoods Resort Casino would generate 954 jobs and $29.2 million in tax revenue for the city. The details are contained in a 50-page economic impact report that Foxwoods Development Corp. submitted to the City of Philadelphia and the Pennsylvania Gaming Control Board yesterday. Foxwoods envisioned three significant phases for the casino, generating a total of $825 million in investment.
October 27, 2010 |
For the second time in six months, local investors in the proposed Foxwoods Casino will present state gaming regulators with a new partner and a plan to revive the stalled South Philadelphia project. This time around, they have a deal with Harrah's Entertainment to step in as both investor and operator of the waterfront gambling hall. Because Harrah's already has a casino 15 miles away in Chester, it is allowed by Pennsylvania law to have only a one-third stake in Foxwoods. In an announcement Tuesday, the local investor group - Philadelphia Entertainment and Development Partners (PEDP)
July 2, 2010 |
Three and a half years after authorizing the Foxwoods Casino project on the South Philadelphia waterfront, the Pennsylvania Gaming Control Board is only beginning the process of licensing one key player in the proposed gaming hall and determining the need to license a second. State regulators have notified real estate developer Ronald Rubin, 79, that he must submit to an exhaustive financial and personal background investigation. They are assessing the role of New Jersey lawyer and entrepreneur Lewis Katz, 68, before deciding whether he, too, must apply.
August 30, 2014 |
The Pennsylvania Department of Revenue, represented by attorneys from Ballard Spahr L.P., asked a U.S. Bankruptcy Judge in Philadelphia to dismiss or abstain from hearing a lawsuit by the Foxwoods Casino group seeking to retrieve the $50 million license fee Foxwoods paid in 2007. In connection with an April 1 bankruptcy filing, the Foxwoods group sued the state in May. The Pennsylvania Gaming Control Board revoked Foxwoods' license in 2010, and the group lost bids in state court to win back the $50 million.
April 9, 2010 |
A news release from Wynn Resorts Ltd. in Las Vegas on Thursday afternoon sent seismic waves through Philadelphia: Gambling magnate Steve Wynn had changed his mind and did not want to build a casino on the Delaware River waterfront after all. A lawyer for the original investors in the Foxwoods Casino project said he was "amazed. " Mayor Nutter, who had just met Wynn on Monday to review drawings of the proposed gaming hall, was "stunned. " And Gov. Rendell was uncharacteristically silent, issuing an official "No comment.
November 14, 2008 |
Foxwoods Casino yesterday cleared the first political hurdle in shifting its planned slots parlor from the South Philadelphia waterfront to Center City, as City Council approved special zoning for its intended home, the Gallery at Market East. With three dozen protesters chanting, "Shame on you," Council approved bills that would create a commercial entertainment zone in the block bordered by Market, Filbert, 10th and 11th Streets. Councilman Frank DiCicco insisted that this was the beginning of a review process during the next six months.