Operatornieuws
US – Cordish’s Stadium Casino wins race to build second casino in Philadelphia
By Phil - 25 januari 2018
Stadium Casino will construct a second, ‘mini casino’ in Philadelphia, having been the highest of four bidders with a bid of over $40m.
Stadium Casino is a joint venture between the Cordish Companies and Greenwood Gaming & Entertainment, which currently operates the Parx Casino in Bucks County.
Een speelautomatenlicentie van categorie 4 zou de entiteit in staat stellen tussen de 300 en 750 speelautomaten te exploiteren. De entiteit zou ook toestemming kunnen vragen om in eerste instantie maximaal 30 tafelspellen te exploiteren tegen een extra vergoeding van $ 2.5 miljoen, met de mogelijkheid om na het eerste jaar van exploitatie nog eens 10 tafelspellen toe te voegen.
Stadium Casino is the same operator behind the plan to build the $600m Live! Hotel & Casino Philadelphia, pictured, which will open in 2020 in the stadium district of South Philadelphia. With a Category 2 license, it will house a much bigger quota of 2,000 slot machines and 125 table games.
This was the second in a series of auctions held by the Pennsylvania Gaming Control Board in a process that establishes the order in which the winning bidders select a location for a Category 4 casino.
The center of the Category 4 location, which is an area 30 miles in diameter, chosen by Stadium Casino, is located in Derry Township in Westmoreland County.
Travis Lamb, Chief Financial Officer of Cordish explained that the mini-casino would be close to Greensburg due to its proximity to the Pittsburgh market.
He said: “We look at this as a great opportunity for Stadium Casino to grow in the state of Pennsylvania.
Mr Lamb added that the company saw no problems in developing two casinos at the same time in the same state.
Stadium Casino is required to pay the bid price to the Commonwealth within two business days, and then has up to six months to submit an application for the Category 4 Slot Machine License.
De aanvraag bevat de precieze locatie van het voorgestelde Categorie 4-casino, evenals gedetailleerde plannen en informatie over het voorgestelde bouwplan, voorzieningen, werkgelegenheidsprognoses en andere gerelateerde informatie. Zodra de aanvraag is ontvangen en is vastgesteld dat deze volledig is, zal het bestuur openbare informatie over het project op zijn website plaatsen, zodat geïnteresseerden deze kunnen bekijken.
In the first auction held on January 10, 2018, Mountainview Thoroughbred Racing Association, LLC, which operates Hollywood Casino at Penn National Race Course, was the high bidder with a bid of over $50m. The center of that Category 4 location is located in the Borough of Yoe in York County.
Both Mountainview Thoroughbred Racing Association and Stadium Casino, LLC are ineligible to bid on additional Category 4 locations during the initial round of auctions. The Gaming Control Board could hold a subsequent round if all 10 available licenses are not auctioned off. If that occurs, successful bidders in the initial round could compete for additional Category 4 casino locations.
