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 Manoukianís 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.
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