Second Philly Casino License to be Awarded in Public Meeting
On Tuesday the 18th of November, the Pennsylvania Gaming Control Board will hold a public meeting to announce the awarding of a second Philadelphia casino. Philadelphia’s second casino license will be awarded to on of four applicants, all of which have submitted their plans for the casino nearly two years ago.
The meeting begins at 13h00 at the Philadelphia Convention Center, is set to unfold in a regional casino landscape which, since the initial meetings began in the early parts of January, has seen a dramatic change.
There are several people close to both the selection process have said that the license would be awarded to the Live! Hotel and Casino Group which is a joint venture between the Baltimore based firm of Cordish Cos and Greenwood Gaming & Entertainment Inc which owns and runs the Bensalem based Parx Casino.
Sources speaking to the Pennsylvania based newspaper, The Morning Call, have also indicated that Live! would win the new license, although both people refused to speak on the record. The sources are both involved in the industry with one having an extensive political background and the other a well-known and respected member of the casino industry.
New Casino to Be Worth $425 million
The new casino will be worth in the region of $425 million and will contain 2000 slot machines as well as 125 table games, would be built near Packer Avenue and Darien Street in South Philly, on the site of the Holiday inn near the sports complex.
Former Governor of Pennsylvania, Ed Rendell, who was among the many advocates and the eventual signee of the state’s casino law said he had heard the same tales about the site of the casino and warned that the gaming board should slow down on the decision.
“At this point, they shouldn’t do anything until they get the thoughts of Governor Elect Wolf,” said Rendell. “I’m not so sure we should have an additional casino in Philadelphia, and that’s not my decision. But the new governor should get some input.”
Current Mayor Michael Nutter’s administration has long been advocates of the second casino, as a vital source of jobs as well as tax revenue for the city, has expressed a preference for the location to be nearer the Philadelphia city center as opposed to the proposed South Philadelphia location.
Mayor Nutter’s spokesperson, Mark McDonald, said in a statement: “The mayor looks forward to a decision by the board, and he is hopeful that it will confirm the selection of a second casino for the city.”
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