Dr. Walter Lomax began with a small private practice in South Philadelphia and now controls a business empire that includes real estate, venture capital, and media.
Revenue at Atlantic City’s casinos fell 8 percent in 2012, to just over $3 billion. It was the sixth straight annual decline.
The Pennsylvania Gaming Control Board has scheduled three days of events: an information-only presentation in February to be followed by two days of public hearings in April.
“We are in a different position than we were back in 2006,” says Pennsylvania state senator Larry Farnese.
The Bucks County Redevelopment Authority has awarded more than $3.8 million in “casino impact grants,” funded through taxes on the slot machines.
The Pennsylvania Gaming Control Board says it has received six applications for Philadelphia’s second casino license — including one that wasn’t on the radar screen until now.
“If the city is going to have a casino, then we should maximize the benefit to the city from that casino,” says a spokesman for US Rep. Bob Brady.
The Pennsylvania Gaming Control Board is reminding prospective developers that the deadline to apply for Philadelphia’s second casino license is just three weeks away.
Police are now trying to identify a person of interest seen in at least five casino surveillance videos.
The future of the City of Atlantic City was the subject Wednesday of a New Jersey Assembly committee hearing.
The tribe, which owns casinos in the Poconos and in Connecticut, now has a 10-percent stake in Atlantic City’s first gambling hall.
The people behind an effort to put a Hard Rock Café casino in Atlantic City have pulled the plug on the project.
The Golden Nugget casino is offering blackjack games on “The Deck,” now a popular outdoor hangout.
The fate of the city’s second license has been in limbo since Foxwoods’ license was revoked a year and a half ago. Mayor Nutter calls this “the right decision at the right time.”
With a cash-starved government and 10 percent unemployment in the city, the mayor is clinging to hope that the state legislature doesn’t yank away what was to have been a second casino license in the city.