Pa. Supreme Court orders new look at Philly casino project

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A rendering of Live! Hotel and Casino, proposed for to the site of an existing Holiday Inn in the stadium district of South Philadelphia.



In a decision likely to further delay the opening of a second casino in the city, the Pennsylvania Supreme Court on Tuesday ordered gambling regulators to take another look at Stadium LLC’s application to build a hotel and casino complex in South Philadelphia.

The court, in a unanimous opinion, said the state Gaming Control Board had not sufficiently examined whether Stadium LLC’s proposal had breached state rules limiting investor ownership in multiple casinos. The ruling marked the second time in 15 months that the state’s highest court sent the issue back to casino regulators.


The company plans to build a $450 million complex at a Holiday Inn site at Ninth Street and Packer Avenue in the city’s stadium district, with a 2,600-car garage, a 200-room hotel, 2,000-plus slot machines, more than 100 table games, and other features.

Stadium’s Live Hotel & Casino project initially won the Gaming Control Board’s approval  in 2014, and soon after won the support of the city Planning Commission as well as community organizations.

The project is a joint venture of Cordish Cos. of Baltimore and Greenwood Gaming & Entertainment, which owns Parx Casino in Bensalem. In its earlier opinion, the Supreme Court said the gaming board had failed to scrutinize whether Greenwood’s primary backer, Watche “Bob” Manoukian, would have an ownership interest exceeding the 33.3 percent limit imposed by state law.





Manoukian, an Armenian born in Lebanon who made a fortune as an agent for the royal family of Brunei, owns 85.84 percent of Parx, and his ownership in a second casino in Philadelphia would be subject to legal limits.





















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1 Philadelphia

Philadelphia News & Search

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