Hotels

The town is gearing up to welcome visitors with new tourism developments, including a new beachfront/bayfront marina and resort, and the destination’s first conference center and hotel.

McSam Hotel Group has obtained the financing as borrower to reposition the 230-room asset.

The gaming control board released statistics for the first time for online casino game gross revenue at the three casinos that initiated Internet gaming during the week of July 15. Total revenues at the three casinos—SugarHouse Casino, Parx Casino and Hollywood Casino at Penn National Race Course—came to $812,306 for Internet Slot and Internet Table Games.

In connection with the development of Live! Casino Pittsburgh, Stadium Casino will renovate a 100,000-square-foot area at the Westmoreland Mall. The casino will feature 750 slot machines and will open with 30 table games with an anticipated expansion to 40 tables.

The redesign of The Green which will feature more than 2,000 individual plants, 20,000 pounds of natural, locally sourced stone, and 2,000 square feet of sodded lawn

The gaming board report later notes that the amount of profit relative to total development costs, inclusive of licensing and reconciliation fees, would be at best result in a 1% or 2% return annually, which is not an acceptable rate of return for a casino developer on a greenfield project.