Saturday, December 20, 2014

PENN NATIONAL GAMING INC. MOVING AHEAD ON COMPETING FOR CITY CASINO LICENSE

Penn National Gaming Inc. has no intention of pulling out of the competition for the second Philly casino license. The company wants to build Hollywood Casino Philadelphia at 700 Packer Avenue in the Stadium District.

PENN NATIONAL GAMING INC. MOVING AHEAD ON COMPETING FOR CITY CASINO LICENSE

Penn National Gaming Inc. has no intention of pulling out of the competition for the second Philly casino license. The company wants to build Hollywood Casino Philadelphia at 700 Packer Avenue in the Stadium District. (Photo courtesy of Hollywood Casino)
Penn National Gaming Inc. has no intention of pulling out of the competition for the second Philly casino license. The company wants to build Hollywood Casino Philadelphia at 700 Packer Avenue in the Stadium District. (Photo courtesy of Hollywood Casino)

There’s been speculation by some that Penn National Gaming Inc. – one of the six groups vying for the second Philly casino license -  may pull out of the competition, now that the larger 3rd and Packer Ave. site owned by PIDC is not available.

Not true, says Penn National spokeswoman Karen Bailey.

“We are happy to build at 700 Packer. Nothing in our proposal was contingent on the 300 site,” Bailey said in an emailed response late last week. “We’ve been able to put Congressman Brady's concept of maximizing benefit to the city in this second license in motion through our two-thirds cash sharing. No other applicant can offer this, and no one can argue that the city’s pension plans and schools deriving the greatest benefit from the second license isn’t a plus for all parties involved.” 

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
Also on Philly.com
Stay Connected