Philadelphia Casino Is Another Step Closer To Approval

Pennsylvania Gaming Control Board has unanimously approved the project for the second casino, Live! Hotel & Casino, in the city of Philadelphia.

The project which is on its verge of completion has been delayed for over four years, due to the allegations that Bob Manoukian, who owns 85% of nearby Parx Casino, would be owning over a third of Live!. The hotel is a joint venture between Bob’s company Greenwood Racing and the Cordish family in Baltimore. The Maryland Live! Casino is owned by the Cordish Companies.

As per the Pennsylvania law ownership of more than one-third of the casino for Manoukian would be illegal. The Supreme Court of Pennsylvania asked the regulators in June to examine the ownership structure of the casino project again. The final approval for the casino’s license depends on the outcome of the process. In March the court had asked the regulators to conduct another review.

If Live! is approved, it would be the 13th brick and mortar casino in Pennsylvania. With 2,000 slot machines and more than 100 table games, the casino is expected to generate annual gaming revenue of about $300 million.

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…

4 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…

1 month 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…

1 month 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