Pa. gaming board awards 5 slots licenses in historic session
12/20/2006, 12:06 p.m. ET By MARC LEVYThe Associated PressHARRISBURG, Pa. (AP) — State gambling regulators on Wednesday awarded five slots licenses for casino projects in Philadelphia, Pittsburgh, Bethlehem and the Pocono Mountains, while rejecting bids that included a proposal for a slots parlor near the historic Gettysburg battlefield.
The Pennsylvania Gaming Control Board awarded two Philadelphia licenses to groups led by billionaire developer Neil G. Bluhm and by Connecticut-based Mashantucket Pequot Tribal Nation. In Pittsburgh, the board awarded a license to Detroit-based casino developer Don H. Barden.
Las Vegas-based casino operator Las Vegas Sands Corp. won a license for a Bethlehem casino and businessman Louis A. DeNaples won one for a Pocono Mountain resort.
The gaming board can award as many as 11 permanent slots licenses, each allowing as many as 5,000 machines. Six licenses are earmarked for the state's horse-racing tracks, while 13 applicants competed for the remaining five stand-alone licenses.
Among the applications the board rejected were:
• a hotly contested proposal by a group led by Connecticut-based Silver Point Capital LP for a casino near the Gettysburg battlefield;
• an application by Donald Trump's Atlantic City, N.J.-based casino company for a casino in Philadelphia;
• a proposal by St. Louis-based casino operator Isle of Capri Casinos Inc. for a casino in Pittsburgh; Isle of Capri had promised to build a new $290 million arena for the Pittsburgh Penguins without using taxpayer money.
So far, two racetracks — Mohegan Sun at Pocono Downs and Philadelphia Park — already have opened slots parlors under conditional licenses, while racetracks in Chester and near Erie are expected to open slots parlors in the next two months.
Gov. Ed Rendell rejuvenated a 25-year drive to legalize casino-style gambling in Pennsylvania by promising that slots revenue would help reduce property taxes and revive the state's declining horse-racing industry. The law passed in 2004 authorized up to 61,000 slot machines at 14 sites.
20 December 2006
The Decision Is In...
No casino in Gettysburg:
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