Philly Casino Proposals All In
The December 28, 2005 deadline for potential casino developers to submit their bids for construction of a casino in the “Nicetown”, Delaware Avenue, or Spring Garden Street areas of Philadelphia, Pennsylvania passed this last Wednesday, but not before all the groups desiring a chance to develop a casino site in the city turned in their proposals. Though the deadline’s approach saw the submission of a proposal for casino development from Trump Entertainment Resorts Inc. in cooperation with another investment group representing a variety of personalities and investors including former Philadelphia 76ers president Pat Croce, last month saw the submission of proposals from such groups as Planet Hollywood International Inc.
Of course, the Pennsylvania Gaming Control Board has the final say in who gets the right to build a casino in Philadelphia, and the contenders also include Sugarhouse Gaming which has made it known it wishes to build a $450 million casino on Delaware Avenue at the former Jack Frost Sugar Refinery, featuring 3,000 slot machines, a 25,000-square-foot event center, and a variety of bars and restaurants. The combined proposal from the investment group led by Trump Entertainment Resorts calls for “TrumpStreet” to be a $350 million casino also sporting 3,000 slot machines as well as a three-screen movie theater, a buffet, a steakhouse, a sports bar, food court, and a couple of restaurants in addition to other potential attractions.
Planet Hollywood earlier submitted a casino proposal with BHM Gaming Opportunities, with the two teaming together in the Pennsylvania Partnership Group, for the construction of a casino site which would have 3,000 slot machines, a 400-seat theater, a television studio and six restaurants. This casino project would be known as the Riverwalk Casino on Spring Garden Street, right on the shores of the Delaware River, and the submitted casino bid puts the price tage at $380 million. Two slots licenses for Philadelphia are expected to be issued by the Pennsylvania Gaming Control Board sometime late next year, when the “winners” will be announced.