Philadelphia Site no Longer Home
to Harrah's Casino
The City of Brotherly Love, Philadelphia, is hoping
to be the next big gambling city in the U.S. City
officials have been courting some heavyweight casinos
recently in an attempt to get them to settle down on a
prime piece of property on the Delaware River.
Harrah's Entertainment was very interested in the
proposal, and was looking as if they were going to set
something up when it was revealed that Harrah's made a
deal with nearby Chester, PA that had conditions keeping
the gambling giant from creating competition for a
nearby slots track. Harrah's is obligated to back
down from the current offer for the time being. It seems that Harrahs Entertainment's quest for worldwide expansion will have
to stay clear of Philadelphia, where there was some talks of putting up a large
casino. Harrah's was looking to put up a casino on a prime cut of property
located on the Deleware River on the highly busy S. Christopher Columbus Blvd.,
which was - and still is - being openly welcomed by the Mayor and city
delegates.
The reason Harrah's cannot officially put up the casino is not because of a
lack of cooperation with city officials, but rather, because of a contract that
Harrah's signed some time ago in the past. Not too far from the proposed
casino site is the city of Chester. This is where a racing track and slots
hall is located, which Harrah's incidentally bought into. Part of the
agreement that Harrah's made when the buy-in took place, was that Harrah's would
not create competition with the betting track.
Senior VP of Harrah's, Jan Jones, stated that Harrah's is in no way
interested in getting around or violating its agreement with Chester.
However, she also commented that Philadelphia poses as a very lucrative market
for a large casino, which the company is still very interested in accommodating.
This surely seems to be the case according to a report penned up by Philadelphia
city planners, who notated that a casino located at the property on S.
Christopher Columbus Blvd. could potentially bring in over $330 in casino
gambling revenue.
The city of Brotherly Love still plans to draw in and court potential casino
operators with clout like Harrah's. And although losing Harrah's would
mean losing substantial amounts of potential tax income, the city still openly
seeks to bring big-time gambling to its streets.
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