Second casino license coming to Philly - The Morning Call

Pennsylvania has again found a taker for a mini-casino, auctioning a license Wednesday for $10 million to a Philadelphia-area private equity investor who could build it near Penn State University Philadelphia investor Ira M. Lubert has won the auction for a mini-casino license in Pennsylvania. The sealed bid of slightly more than $10m was the winner, with only a single Category 4 license up for grabs. There was another bidder, but the details of the party and their preferred casino site were not made public. The Philadelphia-area gambling market is set to get more competitive now that state regulators voted Tuesday to award a license to Live! Hotel & Casino, a joint venture of two Eastern seaboard Philadelphia ‘missed the boat’ on second casino license, say experts . By Kenneth Hilario – Reporter, Philadelphia Business Journal . Dec 1, 2014, 12:59pm EST Updated Dec 2, 2014, 9:06am EST PHILADELPHIA — The Pennsylvania Gaming Control Board will hold a public meeting Nov. 18 to award a license for Philadelphia's second casino. The second downtown proposal is also the most expensive of the lot: the $700 million Provence, a French-themed casino complex in the former North Broad Street home of The Philadelphia Inquirer and Casino Revolution's commitment to South Philadelphia and plans to get its gambling hall up and running early make it the best choice for Philadelphia's second casino license, PHL Local Gaming officials told the state gaming board this afternoon. PHL Local Gaming, led by produce magnate Joseph Procacci, is one of five applicants for the license, proposing a facility called Casino Revolution Philadelphia’s Stadium Casino Gets Sports Betting License, Plans to Take Bets Before Physical Casino Opens. Posted on: October 31, 2019, 02:24h. The PGCB voted unanimously this week to award the license to Live! Hotel & Casino, a joint venture of two casino operators to be built in South Philadelphia’s stadium district. The $425 million Pa. casino revenues return to pre-pandemic levels, but online gambling soars ; Three underage gamblers sneaked into the Rivers Casino Philadelphia. It cost the casino $62,500 in fines; Philly investor Ira Lubert wins auction for new Pa. mini-casino license, and names State College area as the site

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