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Friday, March 5, 2010

Bankrupting Steve Wynn

From our friends in Philadelphia, Casino-Free Philadelphia --

On Wednesday, we confronted Vegas con man Steve Wynn with a simple message: We will ruin your company and run you out of town.


Wynn told the Philadelphia Daily News that this was the first time he'd ever had ordinary citizens confront him publicly about predatory gambling in a hearing. Thank you to the dozens of people who traveled with us to all who donated so generously.

And the chart at
[located here] demonstrates the results: We showed up, and Steve's stocks plummeted.

When the formerly-Foxwoods casino went begging for investors -- after years of delays thanks to ongoing pressure from you, and thousands of Philadelphians like you -- they thought they had found their savior in Steve Wynn.

What Wednesday's hearing revealed was a distant billionaire with no interest in our city or our future.

Watch Steve Wynn argue with a Philadelphia Inquirer reporter, declaring that he has no knowledge of the city's plan for the riverfront. Earlier, he admitted he would soon buy out the local investors completely -- contradicting the fiction of all those local benefits.

Which is probably why even the PA Gaming Control Board -- having never met a casino developer it didn't rubber-stamp -- voted unanimously to ignore Wynn's proposal (and continue fining the project $2,000 per day). We know this isn't over, however -- it will take much efforts to run predatory investors like Steve Wynn out of town. But he's never before faced opposition like you.

Yet Wednesday's hearing demonstrated the power of your voice -- forcing Wynn to address questions about the impact of his predatory casinos, prompting the news media to cover Steve's smugness, and sending those precious stock prices into decline.

Until this fight is won,

Lily, Ivan, Francesca, Dan and the rest of Casino-Free Philadelphia


You can do the same in the Bay State by supporting --

United to Stop Slots in Massachusetts

Add your name to the email list and join us in opposing predatory gambling that degrades communities.


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