The Wynn Resorts Board of Directors recently met to carefully examine
the feasibility and opportunities associated with the company's domestic
development in Philadelphia, Pennsylvania. At this time, the Board has
decided that the best course for the company is to pursue business
opportunities elsewhere.
The board took a host of factors into consideration, including the
Philadelphia market performance over the past year and the competition
which will result from the recent approval of gaming in the State of New
York. Consequently, the company will withdraw its licensing applications
in Pennsylvania.
About Wynn Resorts:
Wynn Resorts, Limited is traded on the Nasdaq
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