Max Jordan Reports: May 10, 2006

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Mount Airy Snags Construction Contract

The receipt of the Mount Airy Resort & Casino construction management contract was a major accomplishment for LPCiminelli Inc. 

LPCiminelli has spent recent years ambitiously setting up gaming projects in hopes of finding a niche in the gambling community.  The company’s business relationship with Buffalo-based, Delaware North Cos. has allowed them to set up establishments mainly in New York, but in a few other states as well.

Mount Airy is not just another establishment.

The Mount Airy Resort & Casino is the first Ciminelli casino project in the state of Pennsylvania.  It has the potential of creating endless opportunities for the company, specifically its construction management division.

Company vice president for gaming and entertainment, Frank Ciminelli II, spoke optimistically about the project, “Obviously, we’ve been lucky to leverage our relationship with Delaware North, but this is different. This isn’t a racetrack or a racino.  This is a resort that happens to be trying to get gaming.”

Like many other states in the nation, Pennsylvania is taking its first steps into the gaming world.  There are several sites in the state competing for a state-sanctioned gaming license.  Mount Airy is located in the Poconos.  State-sanctioned gaming is growing rapidly all across the United States.

The Mount Airy project is not exactly an inexpensive business venture.  The cost of constructing four restaurants, a 200-room hotel, an indoor pool, two live entertainment venues, an 18-hole golf course, and a retail component is approximately $360 million. 

3,000 slot machines will be added to the list of amenities, should the ownership team receive a Pennsylvania gaming license.  The ownership team is lead by successful business entrepreneur Louis DeNaples.   Future plans for resort expansions include 2,000 more slot machines for the casino and an additional 200 hotel rooms. 

Construction on the resort is scheduled to begin this year regardless of the fate of the gaming component. 

DeNaples and Ciminelli joined forces after a chance meeting at gaming industry convention last year. “We kept our ear to the ground and we found him,” said Frank Ciminelli.

 

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