GAMBLOR: Foxwoods Considering ‘Temporary Casino’

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INQUIRER: The tight state-imposed deadline for opening Foxwoods Casino by May 29, 2011, has made raising money “more problematic” and prompted the project’s partners to consider putting up a temporary structure before building a permanent gaming hall, an attorney for Foxwoods said yesterday. In a letter to the Pennsylvania Gaming Control Board on Friday, Foxwoods had disclosed the possibility of a temporary casino along the Delaware River in South Philadelphia, citing “unanticipated issues.” It did not elaborate. But attorney Stephen A. Cozen, in a telephone interview yesterday, explained that potential lenders have been concerned about the time constraints on the project, which adds another element of risk to the deal. “No one wants to take the chance of going up against the time limit without options,” Cozen said. “They may feel it’s safer to go with a temporary building than an interim one.” A temporary casino could be erected quickly, then torn down and replaced. A racetrack in Western Pennsylvania, the Meadows, opened a slots parlor in a structure made of metal framing and a material sheath before moving into a permanent structure this year. MORE

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