Steve Wynn is out of the Aqueduct sweepstakes.
Officials close to Wynn declined to say why the casino executive dropped out.I don't believe it's because of the latest money grab by the state considering that they were bragging about all the extra cash they raised in a recent IPO in Macau. State officials were reported to be put off by a statement he recently made about the dire state of the casino industry; but the company later reiterated its belief in the Queens site. Perhaps they didn't really mean it.
“We are confident that the state of New York will find a qualified operator to meet its needs at Aqueduct," a Wynn spokesman said. “We would like to thank our associates and community leaders for all their assistance in crafting our proposal." [Bloodhorse.com]