Live! Hotel and Casino Wins South Philadelphia Permit

Live! Hotel and Casino Wins South Philadelphia Permit

Artist’s rendering associated with reside! Hotel and Casino, which won its bid for the license and it has plans become built in the Stadium District of South Philadelphia

Real time! Hotel & Casino has been awarded Philadelphia’s second casino license.

The Pennsylvania Gaming Control Board awarded the license on Tuesday. a project that is joint Cordish Companies and Greenwood Gaming & Entertainment Inc., which owns the Parx Casino in Bensalem, the proposed 200,000-square-foot casino will host 220 resort spaces, have 2,000 slots and 125 table games in the casino floor, and will cost $425 million to create.

The designers propose to place the casino on a current holiday inn in the stadium district of Southern Philadelphia.

Making the announcement up to a loaded household at the Pennsylvania Convention Center, the Control Board praised the ‘the synergy between gambling and activity at a casino’ that the task proposed, adding that the proximity towards the stadium was a factor that is deciding.

The Board stated it thinks that ‘the more-than-400 stadium area occasions per year’ could produce an attraction that is all-year-round visitors.

In choosing Live!, the board went for the casino with the revenue projections that are lowest, however it was also the one that relied least on cannibalizing business from other gambling enterprises in and around Philadelphia. The board said it had tried to ‘choose a realistic and ri More →