SugarhousePA - A very sweet deal!

There have been a lot of business endeavors that have had the fortune of being referred to as "a sweet deal" but none quite so literally as the Chicago based gambling company, Sugar House Gaming, that just purchased the location for its next $450 million slot machine parlor, a former sugar refinery on the Bank of the Delaware River. Even without the help of this fortunate pun on the "sweet" theme the property really is pretty desirable, with eighteen waterfront acres, it is going to be the perfect spot for Sugar House Casino's four casual dining restaurants and one fine dining restaurant, a 500-room hotel, and 3,000 slot machines.

The addition of a casino of this caliber is exciting for the area given the recent legalization of slot-machine gambling in the state of Pennsylvania. There are going to be fourteen different venues that will feature the new licenses and the deadline is coming to a close for who the state will award them to. Billionaire Neil Bluhm, owner of sugar house gaming, has been known as one of Chicago's most shrewd real estate developers and is not looking to change his luck when it comes to the world of slot machines. The price that he bought the land for is still not disclosed, but the odds of him making a good bit in return on his investment are looking pretty good.