The applicants are: Bushkill Group Inc., which does business asFernwood Hotel & Resort and the Villas at Tree Tops and Fairwayin Bushkill; Valley Forge Convention Center Partners LP, for the488-room hotel in King of Prussia; Vacation Charters Ltd., whichdoes business as the Resort at Split Rock in Harmony, andCE-Palace, which does business as the Palace Inn, a 278-room hotelin Monroeville, which was acquired by Pittsburgh-based CozzaEnterprises in 2006.

Gaming under a Category 3 license is provided as a patronamenity and restricts access to the gaming area. Those eligibleinclude overnight guests; patrons of one or more of the property'samenities, such as a golf course or skiing facility; authorizedemployees and people with a valid seasonal or year-round membershipthat provides access to other amenities.

PGCB will make the two Category 3 selections following publichearings in each applicant's location and an investigation ofindividuals involved in each application. Those two steps will befollowed by a licensing hearing "to determine the suitability ofeach applicant to hold a license," according to a PGCB statement.The fee for a Category 3 license is $5 million. The timeline forhearings and awards has not yet been set.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.