If the Live! Philadelphia license is issued in 2017, it would deliver a one-time payment of $75 million to the state. Not $2.2 billion, but every bit helps to bring the budget closer to being whole.<\/p>\n
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Cordish and Mamoukian’s interest in continuing to pursue the large investment might come as a surprise to some, as considerations to put slot machines and video gaming terminals in airports and bars, legalize online gaming and daily fantasy sports, and potentially allow smaller satellite casinos to be built throughout the state are topics being debated in the capital.<\/p>\n<\/div>\n
Some of Pennsylvania’s other 12 land-based casino owners have expressed opposition to such measures, saying they’ve invested hundreds of millions of dollars in the Keystone State, and expansion would poach from their operations.<\/p>\n","protected":false},"excerpt":{"rendered":"
The long-delayed second Philadelphia casino is one step closer to breaking ground after the Pennsylvania Gaming Control Board (PGCB) voted unanimously that the financial backers behind the proposed resort are in full compliance with the state’s Gaming Act. The issue at hand is whether businessman Bob Manoukian, who owns a controlling 86 percent stake in […]<\/p>\n","protected":false},"author":42,"featured_media":56400,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18],"tags":[],"acf":[],"yoast_head":"\n
Proposed Philadelphia Casino Receives Blessing of State Gaming Board<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n