International edition
December 14, 2017 | Edition Nº3383

Stadium Casino Live!

Pennsylvania green lights South Philadelphia casino

Pennsylvania green lights South Philadelphia casino
The Gaming Control Board decided that the sponsor of the project -Bob Manoukian- does not hold a financial interest in Stadium that exceeds 33.3% and the gaming facility is in full compliance with the state Gaming Act.
United States | 08/11/2017

The Gaming Control Board decided that the sponsor of the project -Bob Manoukian- does not hold a financial interest in Stadium that exceeds 33.3% and the gaming facility is in full compliance with the state Gaming Act.

I

n June, the Pennsylvania Supreme Court sent the South Philadelphia casino case back to the gaming board for a further evidentiary hearing. Based on a special hearing and legal briefs, the board concluded Wednesday that Manoukian, who owns an 85.84% interest in Parx Casino in Bensalem, did not violate casino ownership restrictions in the proposed Live! Philadelphia Casino & Hotel in South Philadelphia.

According to the legal motion: “Bob (Watche) Manoukian does not maintain a financial interest in Stadium Casino L.L.C. through either the Sterling Investors Trust or Sterling Fiduciary Services Inc.”

 

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