Rush Street Gaming has become one of the biggest and most active players in the Northeast and Middle Atlantic casino markets. Its footprint has been steadily growing the past two years.
Completed last year, the three-year, $160 million expansion project at SugarHouse Casino in Philadelphia was Rush Street’s doing. That endeavor has paid off in spades for the company, as SugarHouse’s revenues soared in 2016. It is one of the top Pennsylvania casinos, and one of the few to experience strong year-over-year growth.
Further bolstering the property and Rush Street’s presence in the region, SugarHouse launched an online casino website in New Jersey last September in conjunction with Golden Nugget in Atlantic City. The PlaySugarHouse.com online casino has quickly grabbed market share and bodes well for SugarHouse should Pennsylvania legalize online gambling this year.
Rush Street also christened its New York casino last week, the Rivers Schenectady Casino, which opened to rave reviews and packed crowds on Feb. 8.
Feels like Xmas morning @RiversCasino_NY opening to the public if anyone has 1% of the experience I've had there they'll never leave
— WSOPShaunDeeb (@shaundeeb) February 8, 2017
— WSOPShaunDeeb (@shaundeeb) February 4, 2017
— Matt Glantz (@MattGlantz) February 8, 2017
And now, Rush Street has announced its next project.
Rivers Pittsburgh hotel expansion project
In a press release on its website, Rush Street revealed it will soon be breaking ground on yet another expansion project in Pennsylvania. This time it’s at the Rivers Casino in Pittsburgh, where it will be spending $51.5 million to add a hotel to the property.
The hotel will connect to east end of Rivers Casino Pittsburgh, what’s now a vacant lot that sits between the casino and the Carnegie Science Center.
Since the original casino was proposed way back in 2006, the ultimate goal was to add a hotel and turn Rivers Casino Pittsburgh into a full-fledged destination casino. That goal is finally close to fruition.
“The possibility of a hotel was first included in the casino’s 2006 Master Development Plan, and we’re excited to begin this next stage in our evolution,” said Rivers General Manager Craig Clark. “The new Rivers Casino Hotel fulfills the promise of a true destination casino.”
The new seven-story, four-star hotel will boast 221 guest rooms and is expected to open sometime in 2018.
According to a press release by Rush Street Gaming:
“The contemporary hotel design uses expansive windows on every level to maximize riverfront views and to integrate distinctively, yet seamlessly, into existing North Shore architecture.
Rivers Casino Hotel will also include a fitness center, new restaurant and lobby bar. A spa will be added to the existing casino facility to accommodate hotel and casino guests.”
Economic driver that is 100 percent privately financed
According to Rush Street, the project will be 100 percent privately funded and is expected to create over 1,500 new jobs for the city of Pittsburgh and Allegheny County. The project will create some 1,400 construction jobs, as well as over 100 full-time positions at the hotel.
The hotel project will bring in an estimated $10.5 million in new annual tax revenue.