Wynn Resorts Declines Participation in Foxwoods Casino Project in Philadelphia

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Wynn Resorts, Limited /quotes/comstock/15*!wynn/quotes/nls/wynn announced today that Development Associates, LLC, and certain other of its wholly owned subsidiaries have terminated all agreements and negotiations with respect to a potential investment in the Foxwoods Casino project in Philadelphia, PA.

'We are fascinated by the legalization of full gaming in Pennsylvania and stimulated by the opportunity that it presents for Wynn Resorts, but this particular project did not, in the end, present an opportunity that was appropriate for our company,' commented Stephen A. Wynn, Chairman and CEO of Wynn Resorts, Limited. Wynn Resorts, Limited /quotes/comstock/15*!wynn/quotes/nls/wynn announced today that Development Associates, LLC, and certain other of its wholly owned subsidiaries have terminated all agreements and negotiations with respect to a potential investment in the Foxwoods Casino project in Philadelphia, PA.

'We are fascinated by the legalization of full gaming in Pennsylvania and stimulated by the opportunity that it presents for Wynn Resorts, but this particular project did not, in the end, present an opportunity that was appropriate for our company,' commented Stephen A. Wynn, Chairman and CEO of Wynn Resorts, Limited.