Is Philadelphia Casino Landscape About to Expand?
As consideration is taking place, by the Gaming Control Board, over the awarding of another Philadelphia casino license; a new report has suggested that the gaming market in the city, and the state of Pennsylvania, is not at saturation point.
Stephen Mullin is a professional consultant hired by the state legislature; he conducted detailed research into the potential for gambling expansion, and its economic impact. He found that another gambling premises would not overcrowd the market in Pennsylvania.
In May 2014 he presented his findings to the Legislative Budget and Finance Committee. He told the committee that he did not believe the metropolitan area was even close to saturation point due to its huge size. Mullin referenced the fact that any future casino development would impact current casino premises but that development would have a positive overall impact on state revenue.
Mullin went on to comment that whereas he did not believe further development would turn the state into a gaming destination he did believe it would be an additional tourist attraction.
Bad News for Sugar House Casino
It would seem that Mullin’s report is not great news for Sugar House Casino. The Philadelphia based gaming house has expansion plans in the pipeline. When he was interviewed in January 2014 Gregory Carlin, the CEO of the casino, declared his belief that the number of casinos in the city was at the limit it could sustain. He stated that flooding the market was not beneficial to anybody and gave Atlantic City as an example.
Despite the potential for the creation of a new casino Sugar House’s expansion plans remain in place. The plans will increase the overall area of the facility to 250,000 square feet (more than double the current area), with a corresponding gaming floor expansion from 51,000 square feet to 90,000 square feet; this will include a brand new high stakes area.
It isn’t just about the gambling, the leisure amenities at the venue will also see much improvement. The current riverside path will be extended by 250 feet and there will be space for up to four new dining areas. For those of an artistic persuasion there will be external space for art installations.
Philadelphia is Bound to Benefit
Whether a new casino license is granted, Sugar House Casino expands, or both events take place, the city of Philadelphia is guaranteed to come out as a major winner from the additional revenue generated as a result.
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