November 20, 2012
Waterfront property primed for luxe resort
Steve Wynn is going to bid for the last casino license in Philadelphia.
The chairman of Wynn Resorts Ltd. proposes to build a 150,000-square-foot casino with 900 slot machines and 100 table games and a 300-room hotel on about 60 acres of waterfront property, a company spokesman confirmed Thursday.
Michael Weaver, senior vice president marketing strategy at Wynn Resorts, said the company will file for a casino license by the state’s Nov. 15 deadline. The Las Vegas-based gaming company had proposed building a $600 million casino in the spring of 2010 in Philadelphia before pulling out.
“We are excited about Philadelphia and the opportunity afforded by our piece of property on the banks of the Delaware River,” said Wynn, who is also his company’s CEO. “It allows for a luxury hotel complex and the introduction of the Wynn brand to Philadelphia.”
Wynn said his assignment was to build a resort that attracted visitors to the city.