Wynn Resorts has withdrawn its licensing application for a second casino in Philadelphia.
With a cash-starved government and 10 percent unemployment in the city, the mayor is clinging to hope that the state legislature doesn’t yank away what was to have been a second casino license in the city.
The state House could take a final vote as soon as today on a bill that would open up the former Foxwoods casino license to statewide competition. Debate on the measure began yesterday.
The $233-million dollars in gross slots revenue for March was the highest for any month since the state’s tenth full-size casino opened, or any month since legalized gaming began in Pennsylvania.
Now that the state Supreme Court has rejected Foxwoods’ appeal of its license revocation, attention turns to whether that license will remain in Philadelphia end up somewhere else in the state or end up nowhere at all.
The Pennsylvania Supreme Court appears to have dealt the final blow to efforts by Foxwoods’ investors to hold on to their Philadelphia casino license.
A key state lawmaker is calling on the legislature to act on a bill to open up Philadelphia’s second casino license to statewide competition before the state Supreme Court rules on the status of the license. The future of the license became an issue as state budget hearings continued last week.
Commonwealth Court on Thursday upheld the Pennsylvania Gaming Control Board’s decision of last December revoking Foxwoods’ license.
In a brief filed with the court yesterday, Foxwoods’ local investors contend that without calling a single witness to testify, the Gaming Control Board, “remarkably and erroneously” revoked their license.
Local investors in the long-delayed Foxwoods casino have now gone to court in an effort to overturn the Gaming Control Board’s decision to revoke the project’s license.
The Gaming Control Board has revoked Foxwoods’ license and now it seems a real possibility that license could end up going either someplace else or nowhere at all.
The Foxwoods parcel at Delaware Avenue and Reed Street is in the district of city councilman Frank DiCicco, who says he’s thrilled the Gaming Control Board cut off the local investors.
A nonprofit conservation group is floating the idea of making a moth-balled ocean liner on the Delaware River part of a long-stalled casino project on the south Philadelphia waterfront.
“You are arguably -– and I’ll say more than arguably — definitely further away from putting a shovel in the ground today than you were in December of 2006.”
The top enforcement lawyer at the Gaming Control Board says the process of revoking Foxwoods’ casino license continues, and that the case could get to the board by the end of the year. KYW’s Tony […]