Harrah's Entertainment confirms Foxwoods talks
The Las Vegas-based Harrah's Entertainment confirmed Tuesday that "discussions have opened up again" over its role in the Foxwoods Casino project in South Philadelphia.
The Las Vegas-based Harrah's Entertainment confirmed Tuesday that "discussions have opened up again" over its role in the Foxwoods Casino project in South Philadelphia. In a statement, the company said it was not at liberty "to discuss the substance" of those talks at this time.
On Sunday, The Inquirer reported that the gaming giant was in negotiations to become a partner in the struggling Foxwoods project. Harrah's holds a promissory note of $67 million for the 16-acre parcel from a group of local investors, including family foundations for lawyer Lewis Katz and developer Ron Rubin. Harrah's said it acquired the note when it purchased Caesars Entertainment in 2005.
In the statement, Harrah's said, "Over the years we have had numerous discussions around different deal structures involving the note and other roles." Recently, those talks have resumed, the company said, but did not elaborate.
- Jennifer Lin
























