Wednesday, September 17, 2014
Inquirer Daily News

POSTED: Thursday, July 31, 2014, 3:18 PM

Despite the imminent arrival of new competition in its own back yard, Maryland Live! - the biggest casino by revenue in the Mid-Atlantic region with $654 million in gambling revenue in the 12 months ended June 30 - is holding a job fair in Atlantic City on Friday and Saturday to lure workers from casinos slated for closure.

"We are seeking to fill hundreds of available positions across all departments," Maryland! Live spokeswoman Carmen Gonzales said. "When we were in Atlantic City in January at the Atlantic Club, we hired about 50 people; so we are hoping to at least match that number, if not surpass it," she said.

Maryland Live!, which operates 4,222 slot machines and 189 table games, employs about 3,000, Gonzales said.

POSTED: Thursday, May 15, 2014, 5:03 PM

It's a popular parlor game around town, trying to guess when the state's gaming control board will vote on a second license for Philadelphia. 

For those of you making predictions, here's something to throw into the mix: The term of the current chairman of the board, William Ryan Jr., expires on July 5th.

Ryan, a Delaware County lawyer, is a long-time associate of Gov. Corbett. He worked as second-in-command in  the Attorney General's office when Corbett was the state's top prosecutor.

POSTED: Friday, April 4, 2014, 3:10 PM

Lawyers at Cozen O’Connor will try to go to bat again for the Foxwoods Casino partners to get back the $50 million they lost on their revoked slots license.

In filings this week in bankruptcy court, the investor group Philadelphia Entertainment and Development Partners (PEDP) said it wants to hire the Center City law firm to take on the license matter. The state took away the group’s slots license and refused to refund its money. PEDP took the matter to court, but lost.

POSTED: Wednesday, March 19, 2014, 12:54 PM

If developer Bart Blatstein wins the city's second gaming license, he has recruited rock maestro Larry Magid to run the entertainment venues at The Provence.

Magid's name is synonymous with rock concerts. He built the Electric Factory music venue into concert powerhouse, creating such mega-events as Live Aid and Live 8. Electric Factory Concerts eventually merged with entities that became Live Nation, which Magid left in 2010.

Blatstein said Wednesday that Magid would manage entertainment for five venues at The Provence: a 2,200-seat concert hall; jazz club; pool club; comedy club and nightclub.

POSTED: Friday, March 14, 2014, 10:24 AM

Employees of Revel Casino Hotel in Atlantic City on Thursday delivered a petition to the property's management offices, asking for job security and letting management know they want to form a union, according to UNITE HERE 54, a union that represents worker at other Atlantic City casinos.

"I've worked at Revel since the beginning, and this is the most chaotic it has ever been," Rebeca Franco, a cocktail waitress at Revel, said in a news release.." There are rumors every day about a sale, and we are all worried whether we will lose our jobs. We need a new owner, and I'm committed to doing everything I can to make Revel a profitable casino, but we need more certainty in our lives. We need job security and a fair process to form a union."

The petition, signed by 70 to 75 Revel workers, is the first public, organized stance Revel employees have taken in favor of unionizing, according to a union official.

POSTED: Monday, March 10, 2014, 5:35 PM
Rendering of proposed Market8 Casino at Eighth and Market Streets.

For years, S.R. Wojdak & Associates has lobbied in Harrisburg for SugarHouse Casino, which has fought the Pennsylvania Gaming Control Board’s plan to put a second casino in Philadelphia.

Wojdak has long had other casino clients as well: Rivers in Pittsburgh — which is controlled by the same Chicago investor as Philadelphia’s Sugarhouse — and Mount Airy Casino Resort in the Poconos.

In recent months, according to Pennsylvania Gaming & Control Board records, the Wojdak firm, which for decades has been among the top lobbying firms in Pennsylvania, added a casino hopeful to its portfolio: Market8.

POSTED: Monday, March 10, 2014, 11:49 AM

The relentless financial pressure from Maryland's casinos - Maryland Live! near Baltimore, in particular - put its stamp on the latest annual report filed by Dover Downs Gaming & Entertainment Inc., which operates a casino in Dover, Del. 

Since 2008, the number of annual visitors to Dover Downs Gaming's casino has fallen to 2 million from 3.2 million.

Against that backdrop, KPMG included a "going concern" notice in its audit report for Dover Downs Gaming's annual report for 2013 filed Friday with the Securities & Exchange Commission. The notice means Dover Downs has a significant hurdle to overcome in order to keep operating.

POSTED: Tuesday, March 4, 2014, 5:35 PM

In addition to the $100 million in property he has committed to the $700 million Provence casino, Bart Blatstein is ready to plow more than $75 million in cash into the proposed casino on North Broad Street, according to a filing last month with the Pennsylvania Gaming Control Board.

It was the first time the developer, who has taken what he calls a flexible approach to financing the Provence, has said how much more of his "own significant financial resources" he would invest.

In total, Blatstein says he has lined up $1.235 billion in financing from Credit Suisse, Highbridge Principal Strategies, as well as junior capital from Summit Partners and Providence Equity.

About this blog

Reporter Jennifer Lin follows the competition among the six contenders for Philadelphia’s second gaming license.

Harold Brubaker Inquirer Staff Writer
Jennifer Lin Inquirer Staff Writer
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