One of Wynn Resorts' competitors in the Philadelphia market
said he is not surprised Wynn abruptly withdrew its casino proposal.
Bart Blatstein, who is one of five remaining developers
vying for one casino license in Philadelphia, said that Wynn’s decision comes
on the heels of similar cancellations, including his 2010 reversal on the
Foxwoods Philadelphia Casino project.
“It’s pretty wild, but I’m not surprised,” said Blatstein,
who was boarding a plane in Las Vegas.
In a separate statement released through a spokesman, Blatstein
said: “I respect Mr. Wynn and his track record of success in the gaming
industry, but I never felt that he was truly invested in our marketplace.”
Blatstein’s proposal calls for converting the former home of
the Philadelphia Inquirer, at 400 N. Broad St., into The Provence, which would
have a casino, retail and entertainment venues.
Source: Philadelphia
Business Journal
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