Caesars entire $$$ went to debt payment and they're now in the midst of a messy divorce from creditors [bankruptcy].
Even the not too bright among us could see the Titanic sinking!
This defines Government Addiction to Gambling Revenues!
Harrah’s Philadelphia casino license renewed
Harrah's Philadelphia Casino and Racetrack's license was renewed by the Pennsylvania Gaming Control Board on Wednesday.
The seven-member control board unanimously voted to renew operator Harrah's Chester Downs and Marina's Category 1 casino license for another three-year period. The decision was based on a number of processes, including public hearings, and testimony from the public and local government officials, the state police and the Control Board's office of enforcement counsel.
Since opening in 2007, Harrah's Philadelphia has generated more than $2.5 billion in gross revenue from slot machines and table games, generating nearly $1.3 billion in gaming tax revenue.
The casino's table game gross revenue for January 2015 was $6.1 million, up 6 percent year-over-year according to the Control Board.
Harrah's has about 2,800 slot machines and 120 table games, employing more than 1,400 people.
http://www.bizjournals.com/philadelphia/news/2015/02/26/harrah-s-philadelphia-casino-license-renewed.html
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