The Pennsylvania Gaming Control Board chairman indicated that after final oral arguments in the application process, February 26th, he hoped there would be a decision about the Philadelphia casino license within 60 days.
The possibility of a casino on North Broad Street, near Callowhill, is prompting a move in Philadelphia City Council to stave off new pawn shops, payday loan operations, and other shady credit businesses in that area.
Magid was hired by developer Bart Blatstein (left). “We are obviously going to go for the biggest names,” Magid (right) said.
The hearings have been focused on financing and revenue, traffic congestion and parking, even as each applicant tried to convince the Gaming Board they had the “wow factor” that would create new gamblers, not simply cannibalize the clientele in existing casinos.
The Pennsylvania Gaming Control Board is dissecting each of the five proposals during hearings at the Pennsylvania Convention Center.
But despite another year-to-year increase in table games action, overall revenue at Pennsylvania’s casinos was down slightly in 2013.
John Donnelly, a lawyer representing the casino on Delaware Avenue, argued for standing on the grounds that competition has increased greatly since the state’s gambling law was passed.
Presque Isle Casino, in Erie, experienced the biggest drop in gross slots revenue — more than 13 percent — followed by Harrah’s Philadelphia, down almost 10 percent.
The public comment period on the bids closes at 5pm on December 31st.
The Atlantic Club Casino Hotel in Atlantic City says it will close on January 13th, reducing the number of casinos in the struggling gambling resort to eleven.
New Jersey is now the largest venue in America to offer online wagering.
Starting today, New Jersey joins only two other states — Delaware and Nevada — in offering Internet gambling within its borders.
Valley Forge has a Category 3 license, which mandates that patrons must pay at least $10 out of pocket before hitting the casino floor.
Supporters of the “Market 8″ casino project say it has aggressive but attainable goals of hiring African-Americans at all levels.
Developer Bart Blatstein, one of the remaining applicants for Philadelphia’s second casino license, says this week’s withdrawal of Wynn’s application removes what Blatstein calls a “distraction.”