SugarHouse Stands Firmly Against a second gambling license in Philadelphia

The Philadelphia state gambling authorities will quickly announce their choice whether or not to accept a casino that is second for the spot. November the Gaming Control Board of the state will discuss and vote on the proposal on the 18th of.

The vote will go through a strict examination and control as the stakes associated with auction equal a huge monetary for the local authorities in the form of taxes. There are a few investors who have shown curiosity about attaining a permit to operate movie slots and casino dining table games in Philadelphia.

The present and license that is only into the state indicates a want to disrupt the negotiations and discussions between the gambling authorities and also the investors, saying that the regulators have actually about the current state of the gambling industry is incorrect, and might cause future financial uncertainty for the region.

The license that is current, SugarHouse, made an announcement last Thursday that there’s a considerable decrease in revenue from movie slots. More over, it stressed the fact the neighboring state (New Jersey) as well as the crash of its gambling sector, with four gambling enterprises shutting down in a single 12 months, are clear indicators that the thickness regarding the market is within the limits.

In an meeting, the general manager regarding the company claimed that if an additional permit is supplied, you won’t just affect SugarHouse adversely, but other local casino operators; affiliates and vendors may also suffer. Continue Reading ->