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Pittsburgh Penguins Bet on Casino

PITTSBURGH, Pennsylvania – As reported by the Pittsburgh Tribune-Review: "From an office high above the aging Mellon Arena, the Pittsburgh Penguins on Wednesday unveiled the first glimpse of a plan for a casino and a new arena team officials hope will secure the NHL franchise's future in the city.

"The team intends to partner with Isle of Capri Casinos, an international gambling company based in Biloxi, Miss., and Nationwide Realty Investors, a Columbus, Ohio, company that built a privately funded arena in that city.

"…Isle of Capri, which operates 15 casinos in six states, the Bahamas and the United Kingdom, will seek the $50 million license for the stand-alone slot machine parlor. If it becomes winning bidder, the company would set aside $290 million for the arena…"

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