Wynn Resorts Drops Proposed Philadelphia Casino Project
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Wynn Resorts Ltd. said it’s withdrawing an application to open a casino in Philadelphia, citing looming competition after voters in New York approved plans to expand gambling in their state.
Wynn Resorts was one of six applicants seeking a license in Pennsylvania’s most-populous city. The company’s project, estimated to cost $926 million, was part of a strategy that founder Steve Wynn described as an effort to build grand hotels in major cities.