Amid revenue challenges, Pennsylvania regulators to decide on Philly's second casino license

IndustriesAssociated Press

Gamblers from southeastern Pennsylvania and across the border into New Jersey already have their pick of four nearby casinos. Amid softening revenues, can the region's casino market bear a fifth?

That's the question confronting state gambling regulators as they meet this week to decide whether, and to whom, to award Philadelphia's second and final casino license.

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The city has waited a long time for its second casino after state regulators pulled the plug on the failed Foxwoods project in 2010. Boosters say it could mean new tax revenue for state and local coffers and thousands of new construction and permanent jobs.

But there are worries that a new gambling facility will simply poach customers from casinos that can scarcely afford to lose them.

The gambling board meets Tuesday in Philadelphia.