January 23, 2017

Harrah’s Philadelphia Agrees To Continue Local Share Assessment Payments

Harrah’s Philadelphia Friday announced it has signed a Memorandum of Understanding with Delaware County and City of Chester officials to maintain its Local Share Assessment (LSA) payments, as required under the Pennsylvania Gaming Act, which are distributed to the County and the City, despite the Pennsylvania Supreme Court ruling that the LSA was unconstitutionally assessed.
These voluntary payments will provide critical support for the operating budgets of both the City and the County.
“This year marks a decade of success for Harrah’s Philadelphia, and we are proud of the strong bonds we’ve created with the communities we serve,” said Chris Albrecht, Senior Vice President and General Manager for Harrah’s Philadelphia.  “It was important for us to do right by our partners - the City of Chester and Delaware County – to work cooperatively with our local, county and state officials, including Senators Tom McGarrigle (R-26) and Tom Killion (R-9), to continue to make our City and County a great place to work, live and play.”
"Once again, Harrah’s Philadelphia has shown their willingness to continue the long-lasting partnership with the Chester community and this administration,” stated Mayor Thaddeus Kirkland, City of Chester.  “Their commitment to city has been unwavering and this MOU proves that.”
“Bringing together Harrah’s with the City of Chester and the County of Delaware ensures a continued economic growth for our area," said Senator McGarrigle (R-26). “Someone has to lead, and these guys were right there with me."
The MOU will become effective on January 27th should the Pennsylvania Supreme Court fail to extend the stay of its Sept. 28, 2016 decision and if the General Assembly is unable to craft a legislative solution to resolve the uniformity issues in the LSA section of the Pennsylvania Gaming Act.