Alexander Pyles//Daily Record Business Writer//November 2, 2012
//Daily Record Business Writer
//November 2, 2012
The Baltimore developer of Maryland’s largest casino is joining with a Pennsylvania-based gambling company to bid for a casino license in Philadelphia.
The Cordish Cos., developer Maryland Live Casino at Arundel Mills mall, announced Friday it would partner with Greenwood Gaming and Entertainment Inc. to bid on a casino that would be built at the site of the Stadium Holiday Inn in South Philadelphia.
The partnership is dubbed Stadium Casino LLC.
The proposed casino would be 200,000 square feet and include a 240-room hotel. The gambling floor would have up to 2,000 slot machines and 125 table games.
Cordish already operates the biggest casino in Maryland, with 4,750 slot machines and electronic table games. Greenwood operates Parx Casino in Bensalem, Pa. The casino is Pennsylvania’s highest-grossing facility.
In a statement, Cordish wrote that the Philadelphia casino would “complement” Maryland Live.