Cordish Philly Buyout Approved

The buyout by Cordish Companies of its partner in Stadium Casino, owner of the second Philadelphia casino license, has been approved by Pennsylvania regulators.

The Pennsylvania Gaming Control Board has approved the buyout by Baltimore-based Cordish Companies of its partner in the Stadium Casino company, Bensalem-based Greenwood Gaming.

The approval makes Cordish the sole owner of the planned $700 million Live! casino, the second license pegged for the city of Philadelphia. Cordish officials say they have secured all the necessary permits, and construction on the hotel and casino in the heart of Philadelphia’s sports stadium district will begin soon.

The buyout of Stadium Casino also gives Cordish ownership of Stadium’s planned Category 4 satellite casino, which will occupy the space of the former Bon-Ton anchor department store at Westmoreland Mall in Western Pennsylvania. Construction of both facilities will occur simultaneously.

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History Playbook

On This Day In Sports History

On May 25, 1935, Ohio State sophomore Jesse Owens delivered arguably the greatest 45 minutes in sports history at the Big Ten track meet in Ann Arbor. Owens broke three world records and tied a fourth, setting new marks in the long jump (26′81/4"), the 220-yard dash (20.3 seconds), and the 220-yard low hurdles (22.6 seconds), while equaling the 100-yard dash world record (9.4 seconds). Despite his individual brilliance, Michigan narrowly edged out Ohio State for the team title, 48 to 43.5.

On This Day In Sports History

On May 24, 1918, Cleveland outlasted the Yankees 3-2 in a 19-inning marathon at the Polo Grounds. Stan Coveleski pitched a remarkable complete-game victory, but the hero of the day was Joe Wood. Having converted from a pitcher to an outfielder after his arm "went dead," Wood launched a game-winning solo homer into the left-field bleachers—his second home run of the afternoon—to finally seal the win for Cleveland.