HARRISBURG, Pa., Nov. 7, 2014 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board announced today that it will hold a special meeting at the Pennsylvania Convention Center on Tuesday November 18, 2014 for the purpose of considering an award of the Category 2 (stand-alone casino) license in Philadelphia.
The meeting will begin at 1:00 p.m. in Room 201 of the Convention Center located at 1101 Arch Street.
Four applicants are under consideration for the Category 2 license, the final such license permitted under the Pennsylvania Race Horse Development and Gaming Act. A Category 2 stand-alone license enables the casino operator to have up to 5,000 slot machines and 250 table games.
The applicants are:
- Tower Entertainment, LLC (The Provence) at 400 North Broad Street
- Market East Associates, LP (Market 8 Casino) at 8th and Market Street
- PHL Local Gaming, LLC (Casino Revolution) at 3333 South Front Street
- Stadium Casino, LLC (Live! Hotel and Casino) at 900 Packer Avenue
The meeting is open to the public, but will also be streamed live from the Board's web site, www.gamingcontrolboard.pa.gov.
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act. Pennsylvania's first new state agency in nearly 30 years, the Gaming Control Board is tasked to oversee all aspects of the state's casino industry. The 10 stand-alone and racetrack casinos in operation, along with the two resort casinos, collectively employ over 17,700 people within their facilities and generate an average of $4 million per day in tax revenue from slot machine and table games play. A portion of that money is used for property tax reduction to all Pennsylvania homeowners; provide funds to the Commonwealth's horse racing industry, fire companies, a statewide water and sewer project grant program, and the state's General Fund; and, established a new stream of tax revenue to local governments that host casinos for community projects.
A wealth of information about the Gaming Control Board's regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board meetings live or view videos of past meetings, look up future meeting schedules and past meeting transcripts, obtain information on identifying a gambling problem and gaining assistance, access an interactive map of casino locations, request a speaker for their group, along with much more information. You can also follow the agency on Twitter by choosing @PAGamingControl.
Doug Harbach or Richard McGarvey
SOURCE Pennsylvania Gaming Control Board