Wynn Pulls Out of Waterfront Casino

Monday, Nov 11, 2013  |  Updated 2:50 PM EDT
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The Pennsylvania Gaming Board is holding a public hearing today in which applicants will make their pitch to become the second casino in Philadelphia. NBC10's Jesse Gary has the story.

NBC10Philadelphia.com - Jesse Gary

The Pennsylvania Gaming Board is holding a public hearing today in which applicants will make their pitch to become the second casino in Philadelphia. NBC10's Jesse Gary has the story.

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Philly Casinos Bring Hope for Jobs

There did not seem to be too many people opposed to the idea of adding a casino to Philadelphia at the hearings on Tuesday. Especially with the hopes that they will bring more jobs. NBC10's Deanna Durante reports.
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Las Vegas entrepreneur Steve Wynn will no longer seek a casino license in Philadelphia, now that gambling is on its way to New York.
 
Wynn had made an elaborate pitch this year to build a casino along the Philadelphia waterfront.
 
Wynn Resorts says Monday it will drop its bid because of the looming competition in New York, where voters last week approved a measure to license seven casinos. 
 
Wynn also cites concerns about recent industry results in Philadelphia. The city has one casino up and running.
 
A second license is up for grabs after a Foxwoods project fell through. Wynn had been one of six applicants for that license.
 
The Wynn company says it will focus on other business opportunities.

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