Wynn Resorts is providing about $250 million for a riverfront project in Philadelphia, Bloomberg reports. Steve Wynn, founder of the casino company, is seeking to acquire the project by owning 51% under an accord with the current license holders. Wynn’s funds represent about 40% of the anticipated $600 million cost.

The billionaire is joining original investors, who will now own 49%. The partnership had controlled 70% of the proposed project, where Foxwoods Development, a unit of Mashantucket Western Pequot Tribal Nation, held 30%. The tribe will become a 14% passive minority investor.

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