The project that will be known as Live! The Philadelphia casino and hotel have been in process for a long time, and are not scheduled to open in the city’s stadium district until the end of next year.
But on Wednesday, the casino’s developer, Cordish Gaming Group (CGG), received a sports betting certificate from the Pennsylvania Game Control Board (PGCB), which would allow him to throw bets online as soon as he found an operating partner.
The regulator agreed with CGG’s argument that the 2017 law that legalized online sports betting for casinos in Pennsylvania does not prevent an existing gaming licensee from launching a sports betting house. Although its bricks and mortar are little more than a casino, well, bricks and mortar.
CGG has had a gaming license for the proposed casino since 2014, when it won it in an open bidding process as part of a joint application with Greenwood Gaming, owner of the largest Pennsylvania casino, PAX Es.
Close to dealing with the sports betting provider
However, PGCB ruled that CGG should have a bookmaker on land on the site before its online operations go live, which is possible soon. CGG representatives told regulators that they were close to finalizing an agreement with an unidentified sports betting operator.
CGG was less successful in its offer, with the sports betting certificate for the stadium casino that also covers its “mini casino” in Westmoreland County, western Pennsylvania, which the company will begin building on November 13.
CGG representatives reported that they paid $ 40.1 million last year for a sports betting license, with the spread of 2017 gambling games available by law.
The CGG seemed dissatisfied with the CGG’s argument, but postponed a final decision on the case until its next hearing on November 20.
The stadium casino project has been delayed due to legal relaxation, mainly due to Greenwood Gaming’s participation in the company.
One of the bidders who lost in the 2014 tender, Market East Associates, sued Sugarhouse Casino to block the project under a 2004 law that prohibits a company from owning a stake in more than one casino in the state Agree.
That law was repealed as part of the 2017 game reforms that allowed construction to begin. CGG bought Greenwood in November last year.