Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-An interim report issued today by the Gaming Advisory Task Force, appointed by Mayor John Street, fell short of recommending sites for the city’s planned two slot machine parlors, but delineated the advantages and challenges posed by 11 different potential cites and their combination under 14 different scenarios. Calling none of the sites ideal and leaving open the possibility that additional ones will be added, the report eliminates three combinations and judges that the two sites should not be near each other.

The study projects annual revenue from the two parlors at between $668 million and $747 million. The most revenue, according to the study, would come from locating one parlor at the intersection of Interstate 76 and Route 1 and the other on the opposite side of the city along the Delaware riverfront.

Locating both in the Navy Yard would generate the least revenue, and just one there “would nearly double the volume of traffic that is currently in the already-overused road system for the sports complex and the existing and potential Navy Yard entrance points,” the report states. As for locating two on Market Street in Center City, or one there with another at Penn’s Landing, the study says a single parlor off Market Street East would add “an additional 74% of existing traffic volume to the Center City road system…a system that cannot be enlarged.” It also cites insufficient parking capacity between the river and Broad Street.

Among other findings is an estimate that slot parlors and related spending will add between $11 million and $15 million to the city’s annual tax receipts, but could cost the police department between $11 million and $16 million a year for a new patrol unit. It projects that overnight tourists could constitute as much as 12% of patrons drawn to the parlors, depending on their location, but more likely will represent between 4% to 12% of all patrons.

The estimated construction costs for each parlor, according to the report, is between $144 million and $177 million. The law allows up to 3,000 slot machines at each parlor from the start with the option of increasing the number at each to 5,000. The task force now begins work on a final report, which will not only include specific recommendations regarding parlor locations, but also contain design recommendations.

Among the companies that have already expressed interest in building and operating slot parlors here are the Trump Organization, and Las Vegas-based Harrah’s Entertainment and Ameristar Casinos in addition to Wayne-based Capital Management Enterprises.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.