While the details of the agreement have not been made public, Wynn Resorts is expected to manage the casino and control more than 51 percent of the investment, sources said.
Pennsylvania is getting into the casino business very heavily. While this is obviously bad for Atlantic City, this rapid over-development of Pennsylvania is probably going to cannibalize business in the state.
That is still years away, but it’s something too keep in the back of the mind.
Props to Two Way Hard Three for the Foxwoods link.
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