Saturday, April 10, 2010

'Blindsided' by Wynn, Foxwoods investors say

Local investors in the Foxwoods Casino project said Friday they were "blindsided" by the abrupt decision of Las Vegas gaming tycoon Steve Wynn to pull out of a deal to build a South Philadelphia gambling hall.


Stephen A. Cozen, a lawyer for the Foxwoods group, said Wynn had given the investors "specific notification" for why he severed negotiations. Cozen would not disclose details but said that it "was nothing anybody would have ever anticipated."

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