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Foxwoods Casino

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NEWS
July 11, 2010 | By Jennifer Lin, Inquirer Staff Writer
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.
NEWS
December 17, 2010 | By Jennifer Lin, Inquirer Staff Writer
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.
NEWS
May 23, 2009 | By Jennifer Lin INQUIRER STAFF WRITER
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.
NEWS
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.
BUSINESS
March 7, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
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.
NEWS
October 27, 2010 | By Jennifer Lin, Inquirer Staff Writer
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)
NEWS
July 2, 2010 | By Jennifer Lin, Inquirer Staff Writer
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.
BUSINESS
August 30, 2014 | By Harold Brubaker, Inquirer Staff Writer
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.
NEWS
April 9, 2010 | By Jennifer Lin INQUIRER STAFF WRITER
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.
NEWS
November 14, 2008 | By Jeff Shields INQUIRER STAFF WRITER
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.
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BUSINESS
August 30, 2014 | By Harold Brubaker, Inquirer Staff Writer
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.
NEWS
March 31, 2014 | By Jennifer Lin, Inquirer Staff Writer
PHILADELPHIA Developer Bart Blatstein is buying for $13 million the site of the derailed Foxwoods Casino project in South Philadelphia, a property he owned 21 years ago, according to people familiar with the deal. Blatstein declined to comment. Others involved in the transaction say the sale will open up a critical section of the central Delaware River waterfront to the public. As part of the deal, Blatstein will convey to the Natural Lands Trust, a local land conservation organization, a 100-foot-wide strip of land along the river's edge from Tasker Street to Reed.
NEWS
February 10, 2013
When six competitors vie for the city's second casino license at the Convention Center on Tuesday, the Gaming Control Board will hear from someone once considered a foe of gambling houses: Councilman-turned-consultant Frank DiCicco. In a video presentation, DiCicco will make the case that the Gaming Control Board should award the license to Market East Associates, which proposes building a casino and shops on what is now a parking lot at Eighth and Market Streets. During his 15-year tenure as a councilman, DiCicco fought the proposal for the Foxwoods Casino on the Delaware River.
NEWS
October 25, 2012 | BY VALERIE RUSS, Daily News Staff Writer
DEVELOPER BART Blatstein is to unveil plans Wednesday for what he's calling a "world-class resort and casino complex" at the site of the former Daily News and Inquirer offices on North Broad Street. A spokesman said Blatstein's Tower Investments will present architectural renderings for the proposed casino complex Wednesday night at Tendenza at the Piazza, on 2nd Street near Poplar. Not everyone in the area near the building at Broad and Callowhill streets is ready to pop the champagne.
NEWS
October 23, 2012
There comes a time when the well runs dry. Certainly, the Philadelphia market for casinos is looking tapped out. That's why state officials should think twice about granting a license for a second Philadelphia casino in the next round of chance to boost state revenues. Just ask the voters: A recent Inquirer poll showed a majority of likely voters in the city and four neighboring Pennsylvania counties oppose another city casino. Financial analysts also are leery. Nearly two years ago, state regulators made the right decision in revoking the license of the long-delayed Foxwoods Casino, slated to rise on the Delaware River waterfront to the south of SugarHouse Casino.
NEWS
October 15, 2012 | By Suzette Parmley, INQUIRER STAFF WRITER
With the deadline to apply for a license to operate Philadelphia's second casino just a month away, results of the latest Inquirer Pennsylvania Poll show that 45 percent of likely voters in the city and the four surrounding Pennsylvania counties oppose building another gaming hall, vs. 33 percent who support doing so. Forty-seven percent of respondents from the Philadelphia area said they agreed with opponents' contention that a second casino would...
NEWS
September 28, 2012
As the SugarHouse Casino slogan says, Philly loves a winner - and so, it seems, do crooks. In a criminal gambit that began troubling the waterfront casino within months of its debut, police say thieves once again are targeting gamblers after they head home with their winnings. Philadelphia detectives are on the lookout for a gang that followed at least five SugarHouse patrons who were robbed after being threatened with a Taser stun gun. The robberies so far have netted around $44,500.
NEWS
July 13, 2012 | By Suzette Parmley and Troy Graham, Inquirer Staff Writers
In a decision that surprised some lawmakers and gaming industry insiders, the Pennsylvania Gaming Control Board announced Wednesday that it would keep a second casino license that was designated for Philadelphia in the city. The General Assembly had considered taking away the license and putting it out to a statewide bid. But while the legislation sailed through the House in May, it didn't have enough support in the Senate, where it stalled - prompting Board Chairman William H. Ryan Jr. to move forward Wednesday with the license-application process in Philadelphia.
NEWS
April 15, 2012 | By Jennifer Lin, Inquirer Staff Writer
When the history of gaming in Philadelphia is written, developer Bart Blatstein deserves a mention in the prologue. In 1986, Blatstein bought a waterfront parcel on the Delaware River for $2.3 million, an investment many wrote off as foolhardy. Eight years later, the state was abuzz with rumors of riverboat gambling. Casino operators were lining up at Blatstein's door, trying to pry the land from him. Bally's got the 22-acre parcel for more than $60 million and, through a series of transactions, passed it on to local investors in the Foxwoods Casino deal.
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