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Philly City Council Approves Casino Plan

Project Moves One Step Closer To Becoming A Reality

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Philadelphia City HallThe plan for a $500 million casino in South Philadelphia received its final approval from the Philadelphia City Council on Thursday. The project now just needs to see the Pennsylvania Supreme Court uphold its license.

The Las Vegas-style casino, to be called Live! Hotel & Casino Philadelphia, will join SugarHouse Casino as the only casinos within city limits. There are two more casinos located just outside Philadelphia.

Live! Hotel & Casino Philadelphia will have a hotel with more than 200 rooms, and a gaming floor with 2,000 slot machines and more than 100 table games. The casino will be the 13th for Pennsylvania.

The project is being challenged in court by SugarHouse Casino. The Pennsylvania Supreme Court is currently mulling over the argument that the license for Live! Hotel & Casino Philadelphia isn’t valid because the owners have an interest in Parx Casino.

The casino-hotel is a joint venture from Cordish Cos. and Greenwood Gaming & Entertainment.

In addition to adding another casino to boost a Pennsylvania gambling market already worth $3 billion annually, state lawmakers are considering regulated online casino games. Pennsylvania found that online casinos could add 10 percent to state casino gaming revenues.

A House vote on the online gaming bill could come next week.

 
 
Tags: Philly,   Pennsylvania