PHILADELPHIA-Bart Blatstein, who is vying for the city’s second casino license, has replaced Hard Rock Resort & Casino International as its prospective operator with Isle of Capri Casinos Inc.
Isle of Capri, based in St. Louis, MI, operates 15 casinos in the South and Midwest, according to the Philadelphia Inquirer. In addition, the firm has been approved to operate the Lady Luck Casino, which is currently under construction at the Nemacolin Woodlands Resort in Fayette County.
The founder of Tower Investments of Philadelphia praised Hard Rock Resort & Casino International, but stated the size of the 1,800-member Seminole Tribe of Florida (the owner of Hard Rock) made it difficult to move quickly enough to meet the demands of the licensing process in Pennsylvania. “It wasn’t practical that we could accomplish all that we had to in the time frame we have,” Blatstein said.
Blatstein’s bid involves the redevelopment of the former headquarters of The Inquirer and the Philadelphia Daily News, into a $700-million casino and entertainment development.
Six groups have applied for Philadelphia’s second casino license with the Pennsylvania Gaming and Control Board.
Blatstein wants to redevelop the former headquarters of The Inquirer and the Philadelphia Daily News at 400 North Broad for a three-block, $700-million entertainment development. See story in the Philadelphia Inquirer.