Last Friday a petition was filed to the state gaming board. The Philadelphia
Entertainment and Development Partners, filled the petition asking the state to
reconsider the revocation that took their gaming license.
On December 16 2010, the license was revoked due to insufficient financial
backing. The states gaming board stated that the company did not have the
financing needed to start the $50 million project.
PEDP has released in their statement that they have taken the necessary steps to
begin immediate construction. They also stated that they have the financial
backing. The company has joined with Caesars Entertainment to help obtain the
State law allows for the company appeal the gaming boards ruling, until January
24. However, the filing of the petition is different than filing for an appeal.
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