Wynn's vision of a Delaware River promenade is not to be.
Contenders for Philly's second casino license have one less competitor to beat out: Wynn Resorts decided to withdraw its proposal to build a casino-resort on the Delaware River, a plan that had received widespread support from neighbors in Fishtown and Port Richmond.
"The Wynn Resorts Board of Directors recently met to carefully examine the feasibility and opportunities associated with the company's domestic development in Philadelphia, Pennsylvania. At this time, the Board has decided that the best course for the company is to pursue business opportunities elsewhere," a statement from the company reads. "The board took a host of factors into consideration, including the Philadelphia market performance over the past year and the competition which will result from the recent approval of gaming in the State the New York. Consequently, the company will withdraw its licensing applications in Pennsylvania."
The press release, distributed via Wynn's local PR firm Braithwaite Communications, did not make mention of Sugar House Casino's recently unveiled expansion plans as a factor in the decision. Wynn declined to comment further.
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