State regulators delay hearing on Harrah’s Philadelphia project
Pennsylvania gaming regulators have delayed a decision on revoking the license for stalled casino project in Philadelphia until Nov. 18.
The planned casino’s developers announced earlier this week that Las Vegas-based Harrah’s Entertainment had been brought into the troubled $438 million project as the operator and a minority investor. The casino, located in South Philadelphia on a waterfront site near the Delaware River, has been on the books since 2006.
The chairman of the Pennsylvania Gaming Control Board said regulators recognized that the project’s investors have a new plan that involved Harrah’s. However, the board will still consider stripping the casino of its license at the hearing.
The long-stalled project has faced financial troubles and neighborhood opposition since winning one of two gambling licenses set aside for Philadelphia in 2006.
Earlier this year, Wynn Resorts signed a deal to operate the planned casino but backed out of the project.
The casino was originally going to be operated by the Foxwoods Development Co., which runs the Foxwoods Casino in Connecticut. Foxwoods is still an investor.