Harrah’s Entertainment revealed its intentions to become a minority partner in the stalled Foxwoods Casino project along the Delaware River Tuesday.
A non-binding term sheet between the gaming company and the Pennsylvania Entertainment and Development Partners rejuvenates the plan set on South Columbus Boulevard between Tasker and Reed streets. The proposed facility would include 1,500 slot machines, 70 table games, a steakhouse and a sports bar.
“Harrah’s Entertainment has had discussions for a number of years about the role our company could potentially play in the Penn’s Landing project,” Jacqueline Peterson, a Harrah’s spokeswoman, said.
The Pennsylvania Gaming Control Board’s decision whether to revoke Foxwoods’ license or allow Harrah’s to lead the project has been adjourned until their next meeting Nov. 18, board spokesman Doug Harbach said adding that the revocation procedure is not stalling, but a definite decision is still up in the air.
“It‘s not safe to say that a decision will be made by that date," he said. "Depending on things that occur between now and then, we can’t say whether there will be any vote at all." SPR
Review intern Alvaro Balderas contributed to this report.
Contact Staff Writer Joseph Myers at jmyers@southphillyreview.com or ext. 124.
In their attempt to bring Pennsylvania its 11th casino, investors, including Comcast-Spectacor Chairman Ed Snider, had hoped for an 11th-hour extension of their Foxwoods Casino Project. On Dec. 16, however, the Pennsylvania Gaming Control Board voted 6-1 to revoke a 2006 license that cost the investors $50 million and steady provisions of grief.
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