December 18, 2014 11:39 AM ET

Hotels, Restaurants and Leisure

Company Overview of SugarHouse HSP Gaming, L.P.

Company Overview

SugarHouse HSP Gaming, L.P., doing business as SugarHouse Casino, owns and operates a casino in Pennsylvania. Its features and services include slot machines, table games, credit service, restaurants and bars, and valet and self-parking services. The company was incorporated in 2005 and is based in Philadelphia, Pennsylvania. SugarHouse HSP Gaming, L.P. operates as a subsidiary of Sugarhouse HSP Gaming Prop. Mezz. L.P.

1080 North Delaware Avenue

Suite 800

Philadelphia, PA 19125

United States

Founded in 2005

Phone:

267-232-2000

Fax:

267-861-5708

Key Executives for SugarHouse HSP Gaming, L.P.

Chief Executive Officer
Director of Finance
Vice President of Communications
Vice President of Human Resources
Vice President of Slot Operations
Compensation as of Fiscal Year 2014.

SugarHouse HSP Gaming, L.P. Key Developments

SugarHouse Casino Reports Revenue Results for the Month Ended July 2014

SugarHouse Casino reported revenue results for the month ended July 2014. For the month, the company reported gross revenue of $14,681,030.58 against $15,164,953.04 a year ago.

SugarHouse Casino to Inaugurate $164 Million Expansion

SugarHouse Casino announced that it will break ground on the property's $164 million expansion, which is set to open in 2015. The much-anticipated expansion means hundreds more jobs and even greater economic benefits for Philly. The ceremonial groundbreaking will be held at 10 a.m. and will be followed by a VIP luncheon in The Refinery, the casino's waterfront restaurant. The SugarHouse executive team, city officials and community leaders will be present as Philly's casino embarks on a new phase of construction that will bring more amenities to the Delaware Riverfront property--including a multi-purpose event space with waterfront views; new restaurants; a parking garage; a dedicated, 30-table poker room; and more. And to get all that dirt moving, SugarHouse is enlisting the help of some new machinery to be added to the casino's existing fleet of branded vehicles. Joining the casino's Sugar Express trolleys and double-decker bus will be a SugarHouse-themed backhoe, which will roll onto the property especially for the groundbreaking. Once complete, the expansion will bring 500 new, permanent, full- and part-time jobs to Philadelphia, in addition to 1,600 construction jobs that will be created throughout the duration of the expansion. SugarHouse's current 1,100-member team has voted the casino a top place to work in Philly six separate times since its grand opening in September 2010. The completed facility will also result in an annual contribution of $1 million to the Penn Treaty Special Services District (PTSSD) to promote economic development in Fishtown and surrounding neighborhoods. Since opening, SugarHouse has generated more than $445 million in state and local taxes, and has contributed more than $5 million to local groups and organizations, including serving as the title sponsor of the New Year's Eve Penn's Landing fireworks and New Year's Day Mummers Parade.

SugarHouse Casino Unveils Expansion Plans

SugarHouse Casino announced that it is ready to launch its $155 million expansion. The expansion will include a second-floor banquet hall with a wall of windows and a riverside balcony. At ground level, the company will extend its riverwalk and a bike path along the northern end of the property, located on North Delaware Avenue next to Penn Treaty Park. While the size of the gaming floor will increase from 58,000 square feet to 85,000 square feet, Carlin said most of the expansion would be used for dining and event space. The project includes a seven-story parking garage.

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