Harrah's Entertainment could step in to save the troubled Foxwood's Casino project in South Philadelphia, US.
A report in the Philadelphia Inquirer claims the US-based operating giant is poised to replace Steve Wynn who pulled out of the project in April. Under state law, however, Harrah’s would only be able to take a 33 per cent stake in the business as it already operates a casino in the state.
Foxwoods was licensed in 2006 but the group behind the plans has suffered a number of financial setbacks. The venture did seem to be back on track with the announcement that Wynn was to make a significant investment in the casino, but following his withdrawal the Pennsylvania Gaming Control Board moved to revoke its slots licence.
