Greenwood owns two thirds of Stadium Casino, LLC. Stadium Casino, LLC is a business operation that’s actually a partnership between two separate entities: Cordish Companies, the Baltimore-based development company behind Xfinity Live!, and Greenwood Racing Inc., which owns Parx Casino in Bensalem, routinely the highest-grossing casino in the state. There are also plans for restaurants, music venues and a spa. Plans for the casino include: A 325,000-square-foot casino with 2,000 slot machines, a 300,000-square-foot and 18-story hotel and some 3,000 parking spaces in garages and structures next to them. In October 2015, the City Planning Commission approved project plans to put the casino and its corresponding hotel in the Philadelphia Sports Complex area, just off of Interstate 95 at Darien Street and Packer Avenue. Once construction actually occurs, Live! Philadelphia will be a two-million-square-foot, towering complex in South Philly. Other stakeholders, including lawyers representing both sides, didn’t respond to messages seeking comment on where the project stands.Ī rendering of the Live! Philadelphia casino. A spokeswoman for Cordish Companies, the developer working on the Live! Philadelphia project, said this week there’s “no update” on the status of construction. The timing on that is difficult to predict. So for now, developers are in a holding pattern on the half-a-billion-dollar project until the court rules. That suit was filed by SugarHouse Casino, the other casino in Philadelphia and a competitor of any second casino in the city, and a group that lost out for the license. Stadium Casino, LLC, the group that controls the casino project, is waiting on the Pennsylvania Supreme Court to rule on a lawsuit challenging whether or not the state Gaming Control Board should have awarded a license to Stadium. That’s because developers, owners and other stakeholders are waiting on the court system to make up its mind - and precedent shows that’ll likely go in their favor. It’s been more than three years since the state accepted applications to build a second casino in Philadelphia, and more than a year since the winner of that application faced concerns about racist business practices.Īt this point, construction still hasn’t started on the nine-acre plot of land in South Philadelphia that’s set to become the state’s newest casino: the Live! Philadelphia hotel and casino project.

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