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East Coast gaming news (Part 2): Cordish gaming gets license for Philly Live! casino

Last edit: anawas on Thursday, 20th November 2014 12:26 am
Last response by Chuckmonster 20th November 11:30am

The Cordish Companies won Philadelphia's final major-casino license, beating out proposals from 3 other companies. It will be built within sight of Philly's pro-sports arenas, including the homes of the Phillies, Eagles, Flyers and 76ers (if you can still call the 76ers a pro team).

SOURCE (and property rendering):

Unknown to me, Cordish apparently built both Hard Rock casinos in Florida and is branching out with a new entertainment chain called Live! (yes, with the exclamation mark!). Its first casino property, Maryland Live!, was built in a suburban Baltimore shopping mall. This will be its second Live! casino property. And the company is bidding on a third site in New York's Hudson Valley 60-90 minutes away from Manhattan.

As far as catering to other vices, I wonder if the casino will allow or ban smoking and whether it will offer free drinks to gamblers. (Harrah's Philadelphia claims it offers free drinks until 1:30 a.m.; Atlantic City offers free drinks around the clock; Delaware charges by the drink but brings bar carts around.)

Some interesting facts, at least to me:
-- A Holiday Inn already exists here. (I've actually stayed there prior to a football game. It's very Holiday Inn-y)
-- They'll wrap the casino complex and restaurants around the hotel building (and maybe upgrade the rooms?).
-- There does not seem to be a horse-racing component to this property.
-- Cordish has a sports-bars-and-retail complex about 3 blocks away called Xfinity Live!. It's nongaming.
-- From the casino, you can walk to all the major stadiums/arenas and there's a rail station nearby.
-- On days without pro sports or concerts, the immediate area is desolate; it's almost solely arena surface parking.
-- The only other thing nearby is, somewhat ironically, the offices for the PA Lottery.
-- Live! is an easy drive from the PHL airport. So is Harrah's Philly, which is in a rough part of Chester.

So why not stick Philly's final casino somewhere downtown with lots of foot traffic? Here are some reasons why:

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 Chuckmonster responded on Thursday, 20th November 2014

The New Yorker had an interesting article about America's Casino Saturation Problem, which illustrates how casino expansion is an interstate state war for taxes, with Atlantic City presented as casualty.

The statements about MGM Springfield were particularly provocative.