Live! Philadelphia moves closer to approval

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August 10, 2017

An unanimous vote of approval was given by the Pennsylvania Gaming Control Board to a proposed casino project. The board voted that the project is in compliance of the PA Gaming Act.

Bob Manoukian, a businessman, is an owner of Parx Casino. He owns 86 percent of the casino. The Pennsylvania Gaming Control Board need to make a decision if Manoukian was legally allowed to be an owner of a second casino in the state.

Money is being placed into trust by Manoukian and his sons will be in control of that trust. This is the reason the board ruled in his favor since they do not believe that he will actually be an owner of the new casino.

The proposed casino will be named Live! Philadelphia. It will be owned by Stadium Casino LLC. The company is a joint venture between Maryland-based Cordish Companies and Manoukian’s Greenwood Racing. The casino would be built near the Philadelphia Sports Complex on nine acres.

In 2014 the Pennsylvania Gaming Control Board awarded the gaming license to Stadium Casino. However the project has had legal battles to prevent the casino from being developed. The main opponents have been by SugarHouse and another casino bidder that did not get approval.

Eventually the Pennsylvania Supreme Court heard the case. The court ruled in favor of the plaintiff. However, the state's gaming board was also asked by the court to investigate. This week the board agreed with Stadium Casino.

Return to Pennsylvania Casinos.