Artist’s rendering associated with the reside! Resort and Casino, which won its bid for a license and it has plans become built in the Stadium District of Southern Philadelphia
Live! Hotel & Casino has been awarded Philadelphia’s second casino license.
The Pennsylvania Gaming Control Board awarded the permit on Tuesday. a project that is joint 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 spaces, have 2,000 slots and 125 table games regarding the casino floor, and will cost $425 million to construct.
The developers propose to put the casino on a current holiday inn in the stadium district of South Philadelphia.
Making the announcement up to a loaded home during the Pennsylvania Convention Center, the Control Board praised the ‘the synergy between gambling and activity at a casino’ that the project proposed, adding that the proximity to your stadium had been a factor that is deciding.
The Board stated it believes that ‘the more-than-400 stadium area occasions per year’ could create an all-year-round attraction for visitors.
In choosing Live!, the board went for the casino with the revenue projections that are lowest, but it was also usually the one that relied least on cannibalizing business from other casinos in and around Philadelphia. In a document filed this week outlining the reasons for it Continue reading Live! Resort and Casino Wins South Philadelphia License