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Investors lose bid to thwart second Philadelphia casino

Written by The Associated Press | Jun 16, 2014 2:37 PM
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(Philadelphia) -- Minority investors in Philadelphia's SugarHouse Casino have lost their bid to stop state gambling regulators from licensing a second casino in the city. 

The minority partnership group, led by Philadelphia lawyer Richard Sprague and auto dealer Robert Potamkin, have argued the Pennsylvania Gaming Control Board does not have the authority to award a license it previously revoked from the failed Foxwoods casino project in Philadelphia in 2010. 

Commonwealth Court has sided with the gaming board and dismissed the suit. SugarHouse's majority partners did not join the suit.

Five applicants are vying for Philadelphia's second license.

Regulators are expected to make a decision this year.

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