Cordish Given Until 2020 To Complete Delayed Philly Casino - News : News
Published on
Update on

Last Wednesday the Pennsylvania Gaming Control Board held a meeting with gaming operators from the state. During the meeting, the gaming control board granted a two-year extension for the developers of the delayed South Philadelphia casino project to complete the project. That said, the casino is expected to launch the casino project by December 2020.

The two-year extension arrives shortly after it was announced that the Maryland-based The Cordish Companies will be taking full control of the hotel and casino complex that will be located just outside the South Philadelphia Sports Complex – this change of ownership was also approved by the gaming control board on Wednesday. Initially, the casino complex which will be referred to as Live! Hotel & Casino Philadelphia was originally estimated to co450 million but once the development officially kicked off, the budget increased to $600 million and subsequently to $700 million.

Stadium Casino LLC, the developer of the project, confirmed that they had already acquired a demolition permit in April after acquiring the property earlier this year and the demolition of the former Holiday Inn at 900 Packer Avenue is set to take place in December. Now, the only thing that remains is the building permit that once received will pave way for construction to begin in early 2019.

The Stadium Casino complex is set to be the most expensive project in the city partly because there are lots of positive prospects. The project is also going to be monumental to the economy of the city hence its officials are backing the project fully.

“This is a very important project to the city,” Weinberg, the  Managing Director of Stadium Casino commented. “If anything, they’re pushing us as much as we’re pushing ourselves.”

Three More Pa. Casinos Move Closer to Launching Their Sportsbooks

During the same meeting, the PGCB also awarded some conditional licenses to one of the key sports betting suppliers and company that will be managing the sports betting operations at two of the Keystone State land-based gaming facilities. Kambi, the renowned sports betting solutions provider was awarded a conditional license for sports betting through its Sports Wagering Information Services subsidiary while Rush Street Interactive received a license to offer its services in two of the state’s gambling facilities.

Kambi’s Sports Wagering Information Services Limited will be working alongside and Rush Street Interactive will be manning the sportsbooks at Rivers and SugarHouse Casinos. Moreover, Kambi is expected to play a much bigger role in the state as it was also recently named Rush Street’s sports betting technology partner.

All three casinos are about ready to go live with their sports betting offerings but, as it turns out there needs to be a two-day testing period overseen by the state gaming regulator before everything finally takes off. The two-day testing period will allow the PGCB to verify the readiness of the location, the staff, and systems that will be facilitating the operation of the sportsbooks.

Latest Headlines

WSOP PA Announces $50K Depositor’s Freeroll

Following WSOP’s successful soft launch in Pennsylvania, the platform is launching its first promotions Players will be able to gain entry into the World Series $10,000 Main Event in Las Vegas if they place first or second in the upcoming $50K Depositor’s Freeroll A third ticket will be awarded randomly to one lucky player who […]

WSOP’s Launch is on the Cards for Pennsylvania

WSOP may finally be arriving in Pennsylvania, but will that change the current balance of powers PokerStars PA remains the dominant card room in the Keystone State for months now Borgata/BetMGM’s entry was modest, and revenue continues to remain low as the network targets new players The Keystone State may have a third poker operator […]

PA Online Casinos and Poker Rooms Dominate Sports Betting

Casinos and poker have posted the strongest gaming results in May, with a cumulative $110 million in gross revenue  Sports betting continues to slow down as the Super Bowl and March Madness season are over Gaming remains the biggest driver of revenue for regulated gambling markets  Pennsylvania’s online casino results continue to dwarf sports betting […]

DoJ Names Billy Joe Taylor as Defendant in $88M Medicare Fraud Scheme

Up-and-coming poker personality Billy Joe Taylor was indicted on fraud charges alleging that he defrauded Medicare of $88 million The alleged fraud happened through Taylor’s testing laboratories which DOJ suspects abused COVID-19 relief funds and other government incentives Investigators have brought a total of 14 defendants on charges of defrauding Medicare, but Taylor’s alleged involvement […]

Tony Parker Becomes First WSOP Main Event Player in 2021

Tony Parker, San Antonio Spurs’ former NBA ace, has qualified for the WSOP Main Event, becoming the first player to do so WSOP director Gregory Chochon has welcomed Parker as the first player and said that the organization was glad to have him Parker has been able to spend more time on his poker career […]

Similar PA Casinos Post

Parx Casino Inks Multi-Year Deal with Philadelphia 76ers

The gaming industry in the United States continues to grow at a very fast pace and so do the partnerships between various stakeholders. For instance, a number of sports teams and leagues are signing deals with gambling-related entities as part of their efforts to build their brands and bring in revenue. The latest partnership deal […]

Kindred Debuts Unibet-Branded Sportsbook in Pennsylvania

Last Friday, Nordic online gambling operator Kindred Group followed up its New Jersey debut by launching its second sportsbook in the Keystone State. The company’s Unibet branded sportsbook officially went live in Pennsylvania through a multi-year partnership with Mohegan Sun Pocono which is owned and operated by Mohegan Gaming & Entertainment, Mohegan Tribe’s casino resort […]

FanDuel Boosts Pa. Sports Betting Revenue in August

In August 2019, sports bettor in Pennsylvania placed a whopping $109 million in sports bets, an 84 percent increase from the amount that was wagered in July. According to the revenue report that was released by the Pennsylvania Gaming Control Board (PGCB) the online gambling sector was the biggest contributor to the revenue. In total, […]

Legal Sports Betting Finally Takes Off in Indiana

Indiana has officially become the 12th US state to legalize sports betting after three of the state’s casinos were inaugurated on September 1 just in time for the forthcoming NFL season. Of the three casinos that debuted their sports betting offerings, one of them was privileged to have been inaugurated by Governor Eric Holcomb who […]