Lancaster Slot Proposal Rejected - Friday 3rd of February 2006

PENNSYLVANIA – As reported by the Lancaster New Era: "State gambling regulators have unanimously rejected the application to open a $150 million slots parlor in downtown Lancaster, a partner in the venture said.

"The Pennsylvania Gaming Control Board, in a 7-0 vote late this morning, turned down the proposal submitted by local attorneys Jerome Finefrock and James Nettleton Jr.

"The board cited deficiencies in the application, namely the absence of a signed bond for $50 million — the cost of a slots license.

"The gaming board has allowed the two attorneys 10 days to challenge today's ruling…"

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