Management spoke about how the gambling hall has been a responsible neighbor in Fishtown while keeping more than 1,200 jobs in the city.
After several down years, slot machine revenue at Pennsylvania casinos rebounded in the last fiscal year.
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 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.
The public comment period on the bids closes at 5pm on December 31st.
Valley Forge has a Category 3 license, which mandates that patrons must pay at least $10 out of pocket before hitting the casino floor.
The report shows that the “Provence” and “Market 8” projects proposed for center city and the “Wynn Philadelphia,” proposed for Fishtown, are generally among the top three in several of the categories in the economic impact study.
That good news must be taken with a grain of salt, however, because table game revenues in April were less than a third of the overall take from slots, which are taxed at a much higher rate.
Not only were slots revenues down more than four percent in April compared to the same month a year ago, but it is also the first time that all 11 of Pennsylvania’s casinos were operating for a full month each year for comparison purposes.
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.
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.
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.
The fate of the city’s second license has been in limbo since Foxwoods’ license was revoked a year and a half ago.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.”
The Valley Forge Casino Resort held a ceremonial ribbon-cutting Saturday morning.