Gaming Control Board Receives Six Applications For Philadelphia Casino License

Gaming Control Board Receives Six Applications For Philadelphia Casino License

PR Newswire

HARRISBURG, Pa., Nov. 16, 2012

HARRISBURG, Pa., Nov. 16, 2012 /PRNewswire-USNewswire/ -- The Pennsylvania
Gaming Control Board announced today that it received six applications for the
available Category 2 Slot Machine Operator license prior to the close of the
application period on Thursday.The Pennsylvania Race Horse Development and
Gaming Act mandates that this license be awarded to an applicant that would
place the facility in the City of Philadelphia.

A Category 2 stand-alone license enables the casino operator to have up to
5,000 slot machines and 250 tables games.

Applications received in the Harrisburg PGCB offices, along with the stated
location of the casino, are:

  oTower Entertainment, LLC (The Provence) at 400 North Broad Street
  oMarket East Associates (Casino Philadelphia)at 8th and Market Street
  oWynn PA, Inc. (Wynn Philadelphia) at 2001 Beach Street, and 2001 through
    2005 Richmond Street
  oPHL Local Gaming, LLC (Casino Revolution) at 3333 South Front Street
  oPA Gaming Ventures, LLC (Hollywood Casino Philadelphia) at 700 Packer
    Avenue
  oStadium Casino, LLC (Live! Hotel and Casino) at 900 Packer Avenue

The agency will later announce when public versions of the applications will
be available on the Board's web site.

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board was established in 2004 with the passage
of Act 71, also known as the Race Horse Development and Gaming Act.
Pennsylvania's first new state agency in nearly 30 years, the Gaming Control
Board is tasked to oversee all aspects of the state's casino industry. The 11
casinos in operation all offer both slot machine and table game gambling,
employ over 16,000 people, and collectively generate an average of $4 million
per day in tax revenue. A portion of that money is used for property tax
reduction to all Pennsylvania homeowners; provide funds to the Commonwealth's
horse racing industry, fire companies, a statewide water and sewer project
grant program, and the state's General Fund; and, established a new stream of
tax revenue to local governments that host casinos for community projects.

A wealth of information about the Gaming Control Board's regulatory efforts
and Pennsylvania's gaming industry can be found at
www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board
meetings live or view videos of past meetings, look up future meeting
schedules and past meeting transcripts, obtain information on identifying a
gambling problem and gaining assistance, access an interactive map of casino
locations, request a speaker for their group, along with much more
information. You can also follow the agency on Twitter by choosing
@PAGamingControl.

CONTACT: Doug Harbach or Richard McGarvey (717) 346-8321

SOURCE Pennsylvania Gaming Control Board

Website: http://www.gamingcontrolboard.pa.gov
 
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