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The Pennsylvania Gaming Control Board has filed a petition this week to revoke Foxwoods Philadelphia casino license after unanimously rejecting its latest request for a six month extension to secure financial backers.
The Foxwoods group recently lost the interest of international casino developer Wynn Resorts and has faced numerous troubles securing financing and neighborhood opposition over the proposed site.
In 2006 the group was awarded one of the two licenses set aside for Philadelphia casinos and has not even begun to break ground.
Chief Enforcement Counsel for the Pennsylvania Gaming Control Board said that the Foxwoods group could stop the revocation petition by securing financing and development plans that satisfy the board.
Foxwoods’ investors have 30 days to respond to the petition.
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