Friday, November 7, 2014

Amid rumors of Live! Philadelphia as winner, gaming board sets meeting date



The Pennsylvania Gaming Control Board said Friday that it will conduct a public meeting Nov. 18 to award a license for Philadelphia's second casino.


The meeting - which comes two years after the application deadline and in a regional casino landscape that has changed dramatically even since hearings on the license were completed in January - is scheduled to begin at 1 p.m. in Room 201 of the Convention Center in Center City.

Several observers close to the process said they believe that the license will be awarded to Live! Philadelphia, a joint venture of Cordish Cos. of Baltimore and Greenwood Gaming & Entertainment Inc., which owns Parx Casino in Bensalem.

Their proposed $425 million casino with 2,000 slot machines and 125 table games would be built at the corner of Packer Avenue and Darien Street in South Philadelphia, at the site of the Holiday Inn near the stadium complex.

Executives at Parx and Cordish, which owns Maryland Live! south of Baltimore and is applying for a casino license in New York, could not be reached for comment Friday.

Another of the four applicants still hoped to emerge as the winner.

"The Provence team greatly respects the thoroughness of the gaming board's deliberations," said Frank Keel, spokesman for developer Bart Blatstein's proposal.

"It's encouraging to hear that a decision may be near. Philadelphia needs and deserves a second casino. Today's rumors to the contrary, we remain hopeful that The Provence Resort & Casino will be chosen," Keel said.

The two remaining applicants are developer Ken Goldenberg's Market8 at Eighth and Market Streets in Center City and produce magnate Joseph G. Procacci's Casino Revolution at Front Street and Pattison Avenue.

Separately, SugarHouse Casino has renewed its bid to block the award of a second casino license in Philadelphia.

In a filing Thursday, the company asked the Gaming Control Board to reopen the record to consider "post-December 2013 information, data, statistics, commentary, argument, and other evidence" that is relevant to the decision.

"There is no fact, not a single fact that supports that this city or this region needs another casino," Wendy Hamilton, SugarHouse's general manager, said in an interview.

"From what I hear, they are about to make this decision with almost a year's worth of information not part of the record," said Hamilton, refering primarly to the closure of four casinos in Atlantic City.

Source: Philly.com

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