Philadelphia eyes casino expansion
“It’s important to finally end litigation on this Philly license,” Petri said. “What does this mean for the state coffers?” State government is losing out on revenue, he noted, including about $75 million in licensing fees “which we have already booked for this year in the budget.”
Stadium’s Live! Hotel and Casino project has been blocked by litigation since its approval almost three years ago. SugarHouse HSP Gaming, operator of SugarHouse Casino on Delaware Avenue, and Market East Associates, which was among the other applicants for the city’s second casino license, challenged the ownership interest of Stadium investor Watche “Bob” Manoukian, who owns 85.84 percent of Parx Casino in Bensalem.
Petri introduced the measure after the state Supreme Court on June 20 ordered the Pennsylvania Gaming Control Board to take another look at whether Stadium Casino LLC’s proposal to build a hotel and casino in South Philadelphia had violated state law limiting investor ownership in multiple casinos.
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