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.”