Harrah’s To “Save”/”Rescue”/”Get Annoyed And Bail Out” South Philly Foxwoods
We are increasingly convinced that humans will be debating the fate of the South Philly Foxwoods casino long after there has ceased to be humans, or money. After the extravagant hairpiece known as Steve Wynn bailed on the ill-fated project a few months ago, it is now coming to light that the Harrah’s casino group may step in and get the joint up and running. Here’s a fun fact: Harrah’s themselves owned the parcel of land that Foxwoods is slated to be built upon, and sold it to an investment group including Comcast-Spectacor chairman Ed Snider; and, more fun, no one involved even has to pay Harrah’s anything for it until 2015. At which point, Harrah’s will wind up owning 33% (the most allowed by law) of the place anyway.






