Philly Casino Owners Spar Over $142M Expansion

By Lance Duroni 0 Comments

Law360, Wilmington (August 16, 2012, 10:24 PM ET) -- Local investors in Philadelphia's SugarHouse Casino squared off in Delaware court Thursday against majority owners led by Chicago billionaire Neil G. Bluhm seeking to block a planned $142 million expansion of the gaming complex.

RPRS Gaming LP — investors led by car dealership tycoon Robert Potamkin and local attorney Richard Sprague — sued Bluhm's HP Gaming Partners LP in Delaware Chancery Court last year claiming the partnership agreement for the casino required a supermajority vote that would allow RPRS to scuttle the expansion plan, which it...
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