August 30, 2016 11:34 AM ET

Hotels, Restaurants and Leisure

Company Overview of SugarHouse HSP Gaming, L.P.

Company Overview

SugarHouse HSP Gaming, L.P., doing business as SugarHouse Casino, operates a casino. The company’s features and services include slot machines, table games, a poker room, credit services, and valet and self-parking services. It also provides services for various events, as well as offers dining services. The company was incorporated in 2005 and is based in Philadelphia, Pennsylvania. SugarHouse HSP Gaming, L.P. operates as a subsidiary of Sugarhouse HSP Gaming Prop. Mezz. L.P.

1080 North Delaware Avenue

Suite 800

Philadelphia, PA 19125

United States

Founded in 2005

Phone:

267-232-2000

Fax:

267-861-5708

Key Executives for SugarHouse HSP Gaming, L.P.

Chief Executive Officer
Director of Finance
Vice President of Communications
Vice President of Human Resources
Vice President of Slot Operations
Compensation as of Fiscal Year 2016.

SugarHouse HSP Gaming, L.P. Key Developments

SugarHouse Casino Announces Revenue Results for the Month and Year to Date Ended June 2016

SugarHouse Casino announced revenue results for the month and year to date ended June 2016. For the month, the company reported slot machine revenue of $10,145,531 against $8.640.390 a year ago. For the year to date, the company reported slot machine revenue of $10,145,531 against $8,640,390 a year ago.

The Pennsylvania Gaming Control Board Levies Fines Totaling $103,000 against Four Casino Operators for Various Violations

The Pennsylvania Gaming Control Board levied fines totaling $103,000 against four casino operators for various violations. The fines were the result of Board approvals of consent agreements between the PGCB's Office of Enforcement Counsel and SugarHouse HSP Gaming, L.P, operator of the SugarHouse Casino in Philadelphia, which was fined $48,000 for violations of the self-exclusion and involuntary exclusion programs; Washington Trotting Association, operator of The Meadows Casino in Washington County which was fined $40,000 for violations of the self-exclusion program; Mountainview Thoroughbred Racing Association, operator of Hollywood Casino at Penn National Race Course in Dauphin County, which was fined $7,500 for an underage patron violation; and Holdings Acquisition Co., L.P., operator of the Rivers Casino in Pittsburgh, which was fined $7,500 for permitting an unlicensed employee to work at the casino. The fines imposed on SugarHouse HSP Gaming, L.P.were the result of two separate consent agreements. In the first, a $33,000 fine was imposed for permitting three individuals who had earlier placed themselves on the Board's Self-Exclusion List, a tool offered to individuals who have a gambling problem to self-deny casino gaming privileges at Pennsylvania casinos, to gamble at the SugarHouse Casino. Per regulation, persons on the Self-Excluded List must be denied gaming and provided promotional incentives by the casino, and the individual can be charged with criminal trespass and have any winnings confiscated. The violations were: A self-excluded male was permitted to gamble at table games for nearly five hours; A self-excluded male was permitted to gamble in the poker room for approximately one-half hour; A self-excluded male was permitted to gamble at table games and slot machines for over one hour, and was issued a players card. The second consent agreement with SugarHouse HSP Gaming, L.P. was for $15,000 and involved two incidents in which persons placed on the Board's Involuntary Statewide Exclusion List. The list consists of career or professional offenders, cheats and other individuals whose presence in a licensed facility would be inimical to the interest of the Commonwealth or of licensed gaming. Under regulations, a casino operator has the responsibility to identify and immediately remove an excluded person from their facility and deny gaming privileges. As with those on the Self-Excluded List, individuals placed on this list by the Board can also face criminal trespass charges and have any winnings confiscated. The violations were: A Board-excluded male was permitted to gamble in the poker room approximately two and one-half hours; A Board-excluded male was permitted to gamble in the poker room for nearly two and one-half hours. The fine against Washington Trotting Association was for $40,000 and was imposed for permitting two individuals who had earlier placed themselves on the Board's Self-Exclusion List to gamble at The Meadows Casino, and allowed promotional materials to be distributed to numerous persons on the Self-Exclusion list. The violations were: A self-excluded male was permitted to access the casino floor on two separate occasions and gamble at table games; A self-excluded male was permitted to access the gaming floor and gamble on slot machines. During its investigation of the individual matters, the PGCB's Bureau of Investigations and Enforcement discovered that The Meadows sent promotional e-mails to 91 individuals through a contracted third-party vendor. Per regulation, a casino must assure that persons on the Self-Excluded List do not receive any promotional materials relating to gaming activities at its facility. The fine against Mountainview Thoroughbred Racing Association for $7,500 was for an incident in which an 18-year-old male was permitted entry onto the casino floor for almost one hour and gambled at slot machines. Finally, Holdings Acquisition Co., L.P.was fined $7,500 for allowing an individual to work as a table games dealer for 16 days even though the casino had been notified earlier that the individual's application for renewal of his Gaming Employee Permit had been denied.

SugarHouse Casino Announces Revenue Results for the Month of January 2016

SugarHouse Casino announced revenue results for the month of January 2016. For the month, the company reported slot machine revenue of $13,709,240.99 against $13,721,473.62 a year ago.

Similar Private Companies By Industry

Company Name Region
1 Hotel South Beach, Inc. United States
1001 Marquette LLC United States
11 East 1st St. LLC United States
11 Howard Hotel United States
110 Gourmet, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact SugarHouse HSP Gaming, L.P., please visit www.sugarhousecasino.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.