Casino group gets six-month extension to secure financing
The Pennsylvania Gaming Control Board on Wednesday gave Endeka Entertainment L.P., a partnership of mostly Philadelphia-area investors, until November 20 to secure financing for Endeka's proposed $225 million casino in Lawrence County.
The Pennsylvania Gaming Control Board on Wednesday gave Endeka Entertainment L.P., a partnership of mostly Philadelphia-area investors, until November 20 to secure financing for Endeka's proposed $225 million casino in Lawrence County.
But the gaming board is keeping Endeka on a tight leash, requiring new partners Joseph G. Procacci and Merit Management Group to submit their applications by June 1 and giving other partners until June 15 to submit previously requested information.
"We look forward to working with our new partner, the Procacci group, and we appreciate the board's willingness to allow additional time to finalize details," Endeka attorney James Doherty III said.
Procacci, who lost his bid to win Philadelphia's second casino license, has replaced Penn National Gaming Inc. as the general partner in Lawrence Downs Casino and Racing Resort, which is proposed for Mahoning Township, north of Pittsburgh.
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