Steve Wynn Abruptly Exits From Philadelphia

Last week, Steve Wynn met with Philadelphia's Mayor and appeared to be weeks ahead of schedule in the design of the former Foxwoods Casino. By the meeting's end, he said "the deal is done." But within a matter of days, Wynn backed out of the deal -- and no one knows exactly why.

Casino Mogul Wynn Raises the Stakes in Philly

Two months ago, when Steve Wynn first publicly proposed taking over the stalled Foxwoods casino project in Philadelphia, his plan seemed modest. Wynn described the would-be enterprise as "cute." On Monday, the casino mogul got serious with a proposal for a gambling hall that he promised would be "Wynn top to bottom."