Clock ticking for Foxwoods in Philly
Foxwoods Casino partners will not get a requested extra month to prepare an argument against losing their Philadelphia slots license, according to a ruling this week by the Pennsylvania Gaming Control Board.
The board took the first step toward stripping the project of its license, giving the investor group, known as Philadelphia Entertainment and Development Partners, until June 1 to file a rebuttal, according to a report in The Philadelphia Inquirer.
PEDP asked that the deadline be pushed back to July 1, noting that this was the first time the gaming board has tried to revoke a gaming license. Lawyers for the group also said they needed more time because they were simultaneously preparing for oral arguments in a related lawsuit.
Keystone Redevelopment Partners, which includes casino developer Donald Trump, is challenging an earlier decision by the gaming board to extend the deadline for opening the Foxwoods Casino until May 2011. Keystone has sued both the gaming board and PEDP to stop the project.
In 2006, the Foxwoods group bested Keystone in five-way bidding for two slots licenses for the city. The Foxwoods investors include the Mashantucket Pequot Tribe of Connecticut and the charitable interests of three prominent local entrepreneurs, developer Ron Rubin, lawyer Lewis Katz and media and sports mogul Ed Snider.
The group is still reeling from the abrupt decision in April of Steve Wynn to abandon the project as developer and financial backer.