RSS: Casino News Feeds

PITG Gaming Acquires North Shore Land For New Casino

A piece of property that was bought almost fourteen years ago with the idea of building a casino, has been sold.

Play Now at Golden Casino! Fourteen years ago, Jonh Connelly, the owner of then- Gateway Clipper Fleet, had a vision of a casino on a twelve acre piece of land on North shore, but that vision never materialized.

Now,  that piece of land, which was owned by Connelly's nephew, Terry Wirginis, has been sold to PITG Gaming and its owner, Don Barden.

The site had been targeted by connely for a casino when he bought it almost fourteen years ago for $26 million. That price was perceived as high for the land, but with the casino vision connely felt it was a good investment.

Barden will now try to make Connelly's vision a reality after he received the rights to the city's $50 million slot license last December.

Bob Oltmann, Barden's spokesman, had this to say about the finalization of the land, "Don Barden came to Pittsburgh looking for a site for gaming, and he liked this site and negotiated the rite for the land. He simply has exercised his option on that land."

Published on November 22, 2007 by PrestonLewis

Help Spread the News

Email This Article to a Friend Digg this Article Bookmark this Article with Delicious Send this Article to Reddit Share this Article on Facebook Send this Article to Newsvine

Read Related Land Casino News Articles
Holland Prepared To Reduce Casino Tax
Fair Grounds Race Track Ready To Start Season With Slots Room
Teachers in Nevada Looking For Tax Raise From Casino Industry
Queenco Leisure International to Expand Casinos to Czech Republic
Florida Gears for Fight in Supreme Court Over Gambling

Post A Comment

*Your Name:
*Your Email:
*Character Verification:Random Letters and Numbers
 
*Comments: