Philadelphia Entertainment & Development Partners announced today its repeal of the Pennsylvania Gaming Control Board’s decision to repeal the group’s license revocation. After many delays surrounding the proposed Foxwoods Casino, the Gaming Board revoked PEDP’s license Dec. 16.
Cited completed paperwork and updated financial agreements, PEDP is seeking to reverse the decision, with an agreement from Caesa’s Entertainment to fund the project’s shortfall.
A release from PEDP says: “Immediately upon a favorable decision by the Board to rescind its revocation order, PEDP expects to apply for all necessary permits and approvals from the City of Philadelphia and the Board.”
If things go well for PEDP, the South Columbus Boulevard Casino is expected to open in 2012.
NewsWorks will have more on this story later.
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