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SOURCE Stadium Casino, LLC
Live! Casino Projected to Generate $200 Million in Annual Economic Impact and Create Approximately 1,460 New Jobs for the Region
HEMPFIELD TOWNSHIP, Pa., Dec. 5, 2018 /PRNewswire/ -- Stadium Casino, LLC, an affiliate of The Cordish Companies, today presented plans to the Pennsylvania Gaming Control Board for a proposed Category 4 satellite gaming facility to be developed at the Westmoreland Mall in Hempfield Township, Westmoreland County, PA, located directly off Route 30, approximately 30 miles from downtown Pittsburgh.
The presentation for the new Live! Casino was made during a Public Input Hearing, where Cordish representatives gave an overview of the 100,000-square-foot gaming, dining and entertainment destination, which will take over a space formerly occupied by the Bon-Ton department store. The Live! facility will be part of the popular 1.3-million-square-foot Westmoreland Mall development.
The Live! project, which represents an investment of $150 million, will be a world-class gaming, dining and entertainment destination, featuring 750 slots and electronic table games and approximately 30 live action table games; plus, nationally-recognized restaurants and live entertainment venues.
Live! Casino is projected to generate $200 million in annual economic impact, with an additional $148 million in economic impact from construction, including approximately 960 direct and indirect construction jobs, plus more than 500 permanent new jobs for local and regional residents. In addition, the Project will create numerous construction and operations vendor opportunities for local, minority, women-owned, and veteran-owned businesses, along with considerable support for local charities and non-profits.
Project plans are subject to the review and approval of the Pennsylvania Gaming Control Board. Once approved, a construction timeline will be determined.
"We look forward to working with the Gaming Control Board, Hempfield Township and Westmoreland County to create a first-class gaming and entertainment destination that will generate millions of new tax dollars and create hundreds of new jobs for the region," stated Joe Weinberg, Partner in Stadium Casino, LLC.
About The Cordish Companies
The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Commercial Real Estate; Entertainment Districts; Sports-Anchored Developments; Gaming; Hotels; Residential Properties; Restaurants; International Development; Co-working Spaces; and Private Equity. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. The Cordish Companies has developed and operates highly acclaimed dining, entertainment and hospitality destinations throughout the United States, many falling under The Cordish Companies' Live! Brand, highly regarded as one of the premier entertainment brands in the country. In gaming, The Cordish Companies has developed among the most successful casino hotel resorts in the world, including the Hard Rock Hotel & Casino Hollywood, Hard Rock Hotel & Casino Tampa and Live! Casino & Hotel Maryland. Welcoming over 50 million visitors per year, these developments are among the highest profile dining, entertainment, gaming, hotel and sports-anchored destinations in the country. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.com or follow us on Twitter.
"The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities"). Each Cordish Entity is a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names "Cordish," "The Cordish Companies" or "The Cordish Company" here or elsewhere.
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