Pennsylvania Developer Pledges Profits to Community - Saturday 15th of April 2006

PHILADELPHIA, Pennsylvania – Going well above its previouslystated commitment to invest $380 million to build Riverwalk Casino, to makemore than $1.3 billion in lease payments to Penn's Landing Corporation andto add almost 1,000 new jobs, the Pennsylvania Partnership Group (PPG, 51%owners of Riverwalk Casino), the only majority-minority applicant seeking agaming license in the city, today announced an irrevocable 20% commitmentof its net profit to the Philadelphia community.

In addition, Riverwalk Casino, and all its owners and operators,pledged 2.5% of net profits up to a maximum of $3 million per year forcommunity development including local neighborhoods.

"We have said from the beginning that we would only become involvedwith this opportunity if a substantial amount of funds were given back tothe community, particularly the economically disadvantaged, to empower ourneighborhoods, businesses and communities," said Willie Johnson, chairmanof PPG. "Today's commitment solidifies that pledge."

PPG's Riverwalk Casino will be a spectacular $380 million gaming andentertainment concept consisting of more than 100,000 square feet of casinospace containing 3,000 slot machines, a 400-seat theater, a televisionstudio, six restaurants, two lounges, retail space and a 3,320-spaceparking garage.

The Pennsylvania Partnership Group, dubbed the Home Team because of itsmajority control by local minority business leaders, includes some of theregion's most successful businessmen and women and is the only majority-minority applicant seeking a Category 2 gaming license in Philadelphia.

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