Saturday, April 19, 2014
Inquirer Daily News

Wynn is leader in Philly casino race: report

Janney says he's the favorite over Blatstein, Cordish, Penn

Wynn is leader in Philly casino race: report

Casino operator Steve Wynn's international scale and financing power makes him a favorite over Philadelphia-based Bart Blatstein and Baltimore's Cordish Co. in competition to build Philadelphia's second casino, writes analyst Brian McGill in a report for Janney Capital Markets. He also expects Harrisburg-based Penn National to apply for the license by Pennsylvania's Nov. 15 deadline.

Wynn would likely take business from the Neil Bluhm-backed SugarHouse casino, which occupies an ex-industrial site near Wynn's proposed Fishtown location, and would compete for traffic with suburban casinos -- but is also likely to draw in new gamblers, McGill added.

More on Steve Wynn's Philly plans from the Inquirer's Jennifer Lin here.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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