With a total of five different gambling companies seeking out the two casino gaming licenses being handed out by the U.S. city of Philadelphia, there only remains one more company who has not yet shared their economic impact report - based on their casino site proposal.  The latest to make their report public is the Foxwoods Development Corporation, who as their name implies, is the same tribal group behind the famous Foxwoods Resort Casino in nearby Connecticut.

The fifty-page report is very informative, for not only does it promulgate approximate yearly tax earnings for the city of Philadelphia, it shares details on the proposed casino itself, spelling out a three-phase plan designed to generate more revenue with the implementation of each additional phase.  The total approximated investment to build the casino resort is valued at $825 million.

The first phase of constructing the casino is guesstimated to produce over 950 jobs and nearly $30 million in tax revenue generated from casino earnings.  The initial opening would consist of a casino with 3,000 slot machines, different restaurants to choose from, and an entertainment venue that has not specifically been determined as of yet.  The second phase would include an additional 2,000 slot machines, as well as a total employee pool of approximately 1,250.  Philadelphia city earnings are estimated to be nearly $38 million annually.  The third and final phase includes the addition of a 500-room casino resort and spa, thereby increasing total employees to an estimated 1,780.  This would consequently increase state tax revenue to over $45 million.

While the report shed strong figures that the Gaming Board surely finds pleasing, there is no guarantee that the second and third phases to the casino would go as planned.  Depending on how well the casino fares after the first phase, could drastically change how the Foxwood management team shapes the future of their yet-to-be approved Philadelphia casino.