Foxwoods Casino Philadelphia

Foxwoods Casino Philadelphia was a proposed casino to be located first along the Delaware River, then under pressure from local residents attempted to move to The Gallery at Market East in Center City in Philadelphia, Pennsylvania. It was one of five stand-alone casinos awarded a gaming license on December 20, 2006, by the Pennsylvania Gaming Control Board. The Board revoked the license in December 2010.[1]

Foxwoods Casino Philadelphia
Location Philadelphia, PA (United States)
Address The Gallery at Market East
Philadelphia, PA
Casino typeLand-Based
Websitewww.foxwoods.com

History

Originally, it was planned to be located along the Delaware River in South Philadelphia. It was to be built on a 16.5-acre (67,000 m2) site between Tasker and Reed Streets that was to include 3,000 Slot machines, an 1,800 seat showroom, a 4,500 space parking garage, and future expansion to a casino with 5,000 slot machines and a 500-room hotel.[2]

In September 2008, residents opposed to the development forced the developers of the Foxwoods Casino to move proposal to The Gallery at Market East. This proposal was endorsed by both Mayor Michael Nutter and Governor Ed Rendell but was opposed by local residents. The original proposal for the Foxwoods Casino at The Gallery at Market East was for a 3,000 slot machine casino on two floors currently occupied by Burlington Coat Factory, forcing that store to relocate.

On February 26, 2009, it was announced that the developers were looking into locating their new casino onto three floors of the former Strawbridge's flagship store, which was vacant and owned by the Pennsylvania Real Estate Investment Trust, the owners of The Gallery.[3]

The difficulties Foxwoods has faced in Philadelphia also highlight the challenges of building an urban casino. Casino companies, for the most part, have avoided such plays in the US, sticking to less controversial rural, suburban or riverboat locations, industry observers say. Casino developers almost always face complaints about traffic and the impact on nearby residential areas wherever they build, but such concerns become particularly intense amid densely packed city neighborhoods.

The Control Board started to threaten that they would revoke the license. In February 2010, Steve Wynn was brought in as the managing partner of the project. The location was returned to its original Waterfront site, and Wynn said that there would be no hotel built on the location. However, on April 8, 2010, Wynn announced that his company was withdrawing from the project, three days after presenting plans for the Foxwoods site to the Pennsylvania Gaming Control Board.[4] On October 26, 2010, Harrah's Entertainment[5] (pending signing final agreement) announced they would buy a one-third stake and be in charge of operations in the casino.

On December 16, 2010, the Gaming Control Board voted to revoke the casino's license in a 6 to 1 vote after the venture failed to secure funding.[6][7]

See also

References
  1. "Pa. regulators revoke Foxwoods Casino license".
  2. Lorraine Gennaro (January 4, 2007). "Done deal". South Philly Review.
  3. Lin, Jennifer (February 26, 2009). "Another casino shift possible in Phila". The Philadelphia Inquirer. Retrieved 2009-02-27.
  4. Lin, Jennifer (April 8, 2010). "Wynn pulls out of casino project". The Philadelphia Inquirer.
  5. "Foxwoods Has Until Dec. 10 To Close Harrah's Deal | Philly | 11/18/2010". www.philly.com. Archived from the original on 2010-11-20.
  6. Wittkowski, Donald (2010-12-16). "Gambling panel revokes license for proposed Foxwoods casino project in Philadelphia". Atlantic City Press. The Press of Atlantic City Media Group. Archived from the original on 2010-12-19. Retrieved 2010-12-17. Pennsylvania gaming regulators revoked the license for a proposed Philadelphia casino Thursday that would have been a potentially powerful competitor...
  7. "Foxwoods license revoked" Archived 2012-03-09 at the Wayback Machine, The City Paper. December 16, 2011. Accessed June 8, 2011
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.