Court Ruling Further Delays Live! Hotel & Casino, Philadelphia Opening

Live! Hotel & Casino, Philadelphia would require being further reviewed by the state officials, according to the state Supreme Court ruling, asking the regulators to see whether Manoukin, owner of 85% of Parx owns more than a third of Live!

The project upon completion would have two-million square feet of gaming floor space with 2,000 slots and more than 100 gaming tables. It would generate around 3000 new jobs of which 2000 are expected to be permanent.

The state law doesn’t permit him to own any more than that. The city had approved the casino in December 2015 but due to the court challenges, the opening dates were further pushed in a similar ruling in March 2016

The $450 million worth casino is owned by Cordish Cos. of Baltimore, and Greenwood Gaming & Entertainment, the owner of nearby Parx Casino.

The state licence which was awarded in 2014 was challenged by the SugarHouse Casino that alleged Manoukian of sophisticated sham transactions to hide his real ownership stake in the casino project.

State lawmakers are considering regulated online casino games apart from just adding a new casino to boost the Pennsylvania gambling market which makes $3 billion annually.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?

FreeBitco.in, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago