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Old Posted Nov 3, 2017, 12:15 AM
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Big win for a 2nd Philly casino: SugarHouse drops its years-long fight against licensing decision

Quote:
It’s a go. After a three-year legal wrangle, SugarHouse Casino has dropped its effort to block a second Philadelphia gaming license, paving the way for Stadium Casino LLC to build its Live! hotel and casino in South Philadelphia.

“The board considers the licensing decision now final and unappealable,” said Doug Harbach, a spokesman for the state Gaming Control Board. “Thus, we have notified Stadium Casino that the fee of $50 million for its slots machine license is due Nov. 15.”

“We are thrilled to be teed up to build the hotel and casino. Our site is one of the premier locations in the U.S. for a truly upscale casino with world-class amenities,” said David S. Cordish, chairman and CEO of Cordish Cos. of Baltimore, an investor in the Stadium Casino joint venture. He said construction will commence next year near the city’s sports complex, with the opening planned for 2020.

Proposed for Philadelphia’s Live! hotel and casino will be a $600 million, 200,000-square-foot complex, with 200 hotel rooms, 2,000 slots, and 125 table games. Cordish Cos. operates two casinos in Florida and one in Maryland. It also owns and operates Xfinity Live!, a dining and entertainment venue near the South Philadelphia stadiums.
Read more here:
http://www.philly.com/philly/busines...-20171102.html