SugarHouse Stands Firmly Against a 2nd gambling license in Philadelphia

SugarHouse Stands Firmly Against a 2nd gambling license in Philadelphia

The Philadelphia state gambling authorities will soon announce their decision whether to accept a second casino permit for the location. The Gaming Control Board of the state will discuss and vote in the proposition in the eighteenth of November.

The vote will undergo a strict assessment and control as the stakes associated with the auction equal a giant economic for the area authorities by means of taxes. There are always a few investors who have shown curiosity about attaining a permit to use video clip slot machines and casino dining table games in Philadelphia.

The present and only permit holder in the state indicates a need to disrupt the negotiations and discussions involving the gambling authorities and also the investors, saying that the regulators have actually about the current state associated with gambling industry is incorrect, that can cause future monetary instability associated with region.

The current permit owner, SugarHouse, made an announcement final Thursday that there is a considerable decline in revenue from video clip slots. Moreover, it stressed the fact the state that is neighboringnj) while the crash of its gambling sector, with four gambling enterprises shutting straight down in one 12 months, are clear indicators that the density for the marketplace is throughout the limitations.

The general manager of the company stated that if a second license is provided, it will not only affect SugarHouse negatively, but other local casino operators; affiliates and vendors will also suffer in an interview. (more…)

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