Artist’s rendering of this reside! Resort and Casino, which won its bid for the license and contains plans to be built in the Stadium District of South Philadelphia
Real time! Hotel & Casino has been awarded Philadelphia’s second casino license.
The Pennsylvania Gaming Control Board awarded the permit on Tuesday. a joint project between Cordish Companies and Greenwood Gaming & Entertainment Inc., which owns the Parx Casino in Bensalem, the proposed 200,000-square-foot casino will host 220 resort rooms, have 2,000 slots and 125 dining table games on the casino flooring, and will cost $425 million to create.
The developers propose to put the casino on a current holiday inn in the stadium district of Southern Philadelphia.
Making the announcement to a loaded house during the Pennsylvania Convention Center, the Control Board praised the ‘the synergy between gambling and entertainment at a casino’ that the project proposed, adding that the proximity towards the stadium was a deciding element.
The Board stated it thinks that ‘the more-than-400 stadium area occasions per year’ could create an attraction that is all-year-round visitors.
In choosing Live!, the board went for the casino with the lowest revenue projections, nonetheless it was also usually the one that relied least on cannibalizing business from other gambling enterprises in and around Philadelphia. The board said it had attempted to ‘choose a realisti Continue reading article