Tag Archives: foxwoods philadelphia

PA Casino License May Go On Auction Block

Today, the Pennsylvania House of Representatives passed, on a 153-29 vote, a bill that would significantly change the landscape for the revoked Philadelphia slot license. Frank DiGiacomo and I have reported about that license here and here.

The bill, HB 65, would first remove the restriction that the remaining Category 2 slot license be located within the City of Philadelphia, and would instead allow that license to be awarded anywhere in the Commonwealth. The bill will also set up an auction process for the license. Under the auction, the minimum bid will be $66.5 million. Under the auction process, the PGCB is to retain a financial advisory firm to assist with the auction process. Continue reading PA Casino License May Go On Auction Block

Foxwoods Casino Philadelphia’s Journey Ends

On March 29, 2012, the Pennsylvania Supreme Court ended one long chapter of the ongoing story of the Foxwoods Casino Philadelphia project. The project’s owner, Philadelphia Entertainment and Development Partners (“PEDP”), petitioned the Supreme Court for allowance of appeal of a decision by the Commonwealth Court affirming the Pennsylvania Gaming Control Board’s revocation of PEDP’s Category 2 Slot Machine License. For all intents and purposes, the Foxwoods Casino Philadelphia project is now dead. Importantly, this means that a Category 2 Slot Machine License is now available in Pennsylvania, although it is unclear exactly what will happen with that license.

Continue reading Foxwoods Casino Philadelphia’s Journey Ends