Philly Casino Owners Spar Over $142M Expansion

Law360, Wilmington (August 16, 2012, 10:24 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.