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Wynn Resorts

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NEWS
April 1, 2010 | By Jennifer Lin INQUIRER STAFF WRITER
Foxwoods Casino met the state's deadline Wednesday for submitting the details of how Wynn Resorts of Las Vegas will finance the construction of its South Philadelphia gaming hall. The Foxwoods developers, formally known as Philadelphia Entertainment & Development Partners (PEDP), were ordered by the Pennsylvania Gaming Control Board on March 3 to file "definitive financing documents" for the star-crossed casino project. Foxwoods, Wynn Resorts, and the gaming board did not release Wednesday's filing.
NEWS
February 26, 2010 | By Jennifer Lin INQUIRER STAFF WRITER
Stephen A. Wynn, chairman of Wynn Resorts, said yesterday that he would go to Harrisburg Wednesday to outline to the state Gaming Control Board his plans for a Philadelphia casino that he said would be "the cutest casino you have ever seen. " Wynn discussed for the first time his ideas for reviving the Foxwoods project in South Philadelphia during a conference call with stock analysts after the release of the Las Vegas company's year-end results. Wynn Resorts confirmed Tuesday that it had signed a letter of intent to take control of developing and running the struggling Foxwoods Casino project.
NEWS
April 2, 2010 | By Jennifer Lin INQUIRER STAFF WRITER
The Foxwoods Casino partners who are ceding control of the project to Wynn Resorts of Las Vegas do not want the finances and other conditions of the deal made public. In a motion filed Thursday with the Pennsylvania Gaming Control Board, the original investor group - Philadelphia Entertainment and Development Partners (PEDP) - said it anticipated entering into a purchase agreement with Wynn/PEDP L.P., a newly formed affiliate of the Nevada gaming company run by Steve Wynn. That agreement contains "confidential, proprietary information, as well as trade secrets related to the business activities and financial affairs of Wynn/PEDP," according to the motion.
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, 2013 | By Jennifer Lin, Inquirer Staff Writer
Developer Dan Keating was attending a board meeting Monday afternoon for the University of Pennsylvania's Abramson Cancer Center when he got an urgent message: Steve Wynn was dropping out of the competition for a Philadelphia casino license. No one was more shocked than Keating. His company, Keating Consulting, had been hired to develop a waterfront casino in the city's Fishtown section for Wynn Resorts. The decision, Keating said, "is a painful one for us. " This is the second time the runaway bride of Las Vegas has bolted from Philadelphia, and onlookers are just as baffled as the first time it happened.
NEWS
April 10, 2010 | By Jennifer Lin, Suzette Parmley, and Elisa Lala INQUIRER STAFF WRITERS
Local investors in the Foxwoods Casino project said Friday they were "blindsided" by the abrupt decision of Las Vegas gaming tycoon Steve Wynn to pull out of a deal to build a South Philadelphia gambling hall. Stephen A. Cozen, a lawyer for the Foxwoods group, said Wynn had given the investors "specific notification" for why he severed negotiations. Cozen would not disclose details but said that it "was nothing anybody would have ever anticipated. " "We feel very much victimized," Cozen said in an interview.
NEWS
February 24, 2010 | By CHRIS BRENNAN, brennac@phillynews.com 215-854-5973
Try this gambling trifecta on for size: Las Vegas, Macau and . . . South Philly? Steve Wynn, the casino mogul who has built some of the swankiest gaming palaces in the world, announced yesterday that he is stepping in as the managing general partner of the long-delayed Foxwoods casino project planned for Columbus Boulevard at Reed Street. Wynn's announcement follows weeks of speculation that big changes were coming for Foxwoods, which drew the ire of the state Gaming Control Board by missing a Dec. 1 deadline to provide architectural and engineering plans for the casino.
NEWS
November 13, 2013 | BY CHRIS BRENNAN, Daily News Staff Writer brennac@phillynews.com, 215-854-5973
STEVE WYNN, the casino developer who came to Philly in 2010 talking up a flashy riverfront project but then abruptly dropped those plans, has done it again. Wynn, citing the approval of casino gambling in New York, said yesterday that he is withdrawing his application to build a casino and entertainment complex on 60 acres along the Delaware River in Fishtown. Wynn was one of six bidders in November 2012 for the city's second casino license. His first foray into Philly's casino market in 2010 lasted just six weeks.
NEWS
February 24, 2010 | By Jennifer Lin INQUIRER STAFF WRITER
Las Vegas impresario Stephen A. Wynn is stepping up to salvage the stalled Foxwoods Casino project, which is in jeopardy of losing its license. Wynn Resorts Ltd. announced yesterday that it had signed a letter of intent for an affiliate to take over managing and developing the gaming hall on the Delaware River in South Philadelphia. The original investor group, Philadelphia Entertainment & Development Partners, would still have a stake in the casino, but the Wynn organization would control at least 51 percent of the business, according to sources familiar with the deal.
NEWS
April 6, 2010 | By Jennifer Lin INQUIRER STAFF WRITER
Casino mogul Steve Wynn on Monday declared that his plans for a South Philadelphia casino would be "Wynn top to bottom," carrying both his name and signature design. After meeting for an hour and fifteen minutes with Mayor Nutter at City Hall Monday night, Wynn said in an interview with The Inquirer: "We only have one brand. We don't have a down-market brand. It's our place. " When Wynn Resorts surfaced in February as a new developer to take over the faltering Foxwoods Casino project, there was speculation that he might not bring his style of high-end casinos to Philadelphia.
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NEWS
November 27, 2013 | BY CHRIS BRENNAN, Daily News Staff Writer brennac@phillynews.com, 215-854-5973
DAN KEATING, a general in the army that casino developer Steve Wynn assembled to win a Philadelphia license, spent the late summer in an elaborate war room, waging a battle for public opinion. From the penthouse of the Phoenix building near City Hall, Keating invited reporters, neighborhood groups and elected officials to examine detailed exhibits ranking the six bids for the city's second casino license. Wynn Resorts, which proposed a sprawling development on 60 acres along the Delaware River in Fishtown, naturally won top marks from Keating, the man who was going to build it all. Market8, the 1.9-acre bid by developer Ken Goldenberg and a group of investors at 8th and Market streets, ranked last in every category, according to Keating, who built the SugarHouse casino in Fishtown and has been involved in casino projects around the state and country.
NEWS
November 14, 2013 | By Jennifer Lin, Inquirer Staff Writer
Developer Dan Keating was attending a board meeting Monday afternoon for the University of Pennsylvania's Abramson Cancer Center when he got an urgent message: Steve Wynn was dropping out of the competition for a Philadelphia casino license. No one was more shocked than Keating. His company, Keating Consulting, had been hired to develop a waterfront casino in the city's Fishtown section for Wynn Resorts. The decision, Keating said, "is a painful one for us. " This is the second time the runaway bride of Las Vegas has bolted from Philadelphia, and onlookers are just as baffled as the first time it happened.
NEWS
November 13, 2013 | BY CHRIS BRENNAN, Daily News Staff Writer brennac@phillynews.com, 215-854-5973
STEVE WYNN, the casino developer who came to Philly in 2010 talking up a flashy riverfront project but then abruptly dropped those plans, has done it again. Wynn, citing the approval of casino gambling in New York, said yesterday that he is withdrawing his application to build a casino and entertainment complex on 60 acres along the Delaware River in Fishtown. Wynn was one of six bidders in November 2012 for the city's second casino license. His first foray into Philly's casino market in 2010 lasted just six weeks.
NEWS
October 28, 2013 | By Jennifer Lin, Inquirer Staff Writer
PHILADELPHIA In the early days of Philadelphia, the riverfront near Penn Treaty Park was known for its sandy white beaches. In the early 18th century, it became a hub for shipbuilding. Much later, in 1920, the Philadelphia Electric Co. built a coal-fired power station on that stretch of the Delaware River. Today, Beach Street in Fishtown looks like a sad monument to the city's lost industrial past. The old power station is gutted and defaced with graffiti, surrounded by acres of empty land used for storing construction equipment.
BUSINESS
July 9, 2013
In the Region Aiming at prescription-drug abuse U.S. Rep. Frank Pallone Jr. (D., N.J.) said Monday that he would introduce legislation to help thwart prescription-drug abuse among Medicare's Part D participants. Several recent government reports say there is increasing frequency of overdose deaths attributed to prescription opioid painkillers, which are addictive and often are used by older patients. Unlike cocaine and heroin, opioid painkillers are manufactured legally by pharmaceutical companies, such as Chadds Ford-based Endo Health Solutions and Purdue Pharma , albeit as controlled substances subject to heightened scrutiny.
NEWS
June 14, 2013 | By Chris Brennan
STATE SEN. Mike Stack sounds close to announcing a run for governor in the 2014 Democratic primary election. The four-term senator from Northeast Philly and his family could also be close to a multimillion-dollar jackpot if developer Steve Wynn wins a license to build a casino on the banks of the Delaware River in Fishtown. Stack, his four siblings and their mother, Philadelphia Municipal Court Judge Felice Rowley Stack , own about one-fifth of the 60 acres in an real estate option agreement signed by Wynn.
NEWS
April 11, 2013 | By Jennifer Lin, Inquirer Staff Writer
The Pennsylvania Gaming Control Board will have a full house Thursday and Friday when it hosts two days of public hearings on Philadelphia's second casino at the Pennsylvania Convention Center. Doug Harbach, a gaming board spokesman, said all the slots for speakers have been reserved. Anyone who has not signed up will likely have to wait until a third hearing, scheduled for May 8 in South Philadelphia. This week's sessions will be held in Room 204 of the Convention Center, starting at 9 a.m. and ending at 9 p.m. on Thursday and 3 p.m. on Friday.
NEWS
April 8, 2013 | By Jennifer Lin, Inquirer Staff Writer
Where North Beach Street twists and turns into Richmond Avenue in Fishtown, the old William Cramp & Sons shipyard has been the envy of developers and dreamers alike. It's 60 open acres of Delaware River waterfront, a vast blank canvas. And the man with all the paintbrushes is Las Vegas resort-and-casino developer Steve Wynn. Two weeks ago, Wynn finally released his plan for developing the site. Local reaction has run hot and cold. Everyone agrees that the Wynn project could be a game-changer for the waterfront, finally giving purpose to land that has been idle since after World War II. But the biggest concern is whether his ideas will conform with the civic vision for the waterfront that began taking shape five years ago. When Wynn emerged as a contender for the city's second casino , he offered only a sketch of a proposed 19-story hotel, rising above the pedestal of a casino.
NEWS
March 27, 2013
By A.J. Thomson Call it a Wynn-win for Philadelphia. The 300-room casino-hotel for Philadelphia proposed by Steve Wynn would sit about five blocks from my home in Fishtown, and extend up into lower Port Richmond. It should be the only site up for discussion. Wynn, chief executive of Wynn Resorts Ltd., which has similar operations in Las Vegas and Macau, is intent on building a destination resort on this 60-acre site, which extends along North Beach Street from Palmer to Cumberland Streets.
NEWS
March 1, 2013 | By Howard Gensler
"SHOW US your boobs" has become "Show us your books. " The company behind the "Girls Gone Wild" has filed for bankruptcy. The video empire - an empire which recalls Rome under Caligula - filed for Chapter 11 protection in a move it says is an effort to restructure its legal affairs after several disputed court judgments. So all you drunk sluts we owe money to - you're now getting pennies on the dollar. GGW Brands LLC and several subsidiaries filed for bankruptcy Wednesday in Los Angeles, listing more than $16 million in disputed claims.
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