Xfinity Stay! in Philadelphia’s Stadium District is ready for its first main growth for the reason that eating and leisure vacation spot opened in 2012.
A rendering of a forthcoming $15 million growth of Xfinity Stay! positioned in Philadelphia’s Stadium District. Xfinity Stay! is a eating and leisure vacation spot from Comcast and The Cordish Corporations. (Picture: Xfinity Stay!)
Positioned within the coronary heart of the Philadelphia sports activities advanced between Citizen Financial institution Park, dwelling of the MLB Phillies, Lincoln Monetary Area, dwelling of the NFL Eagles, and Wells Fargo Middle, dwelling of the NBA 76ers and NHL Flyers, Xfinity Stay! is a joint improvement from Comcast and The Cordish Corporations.
Comcast is headquartered in Philadelphia. Xfinity is the telecommunications and media conglomerate’s cable, web, phone, and wi-fi providers model.
Baltimore-based Cordish is a on line casino operator and hospitality conglomerate. Together with its three casinos in Maryland and Pennsylvania, Cordish owns and/or operates Stay!-branded leisure districts throughout the U.S.
In Pennsylvania, Cordish runs Stay! On line casino & Resort Philadelphia positioned simply steps from Xfinity Stay!
$15M Growth
On Wednesday, Comcast and Cordish unveiled a $15 million growth of Xfinity Stay! and the encircling group plaza.
The mission will rework the plaza right into a two-story constructing highlighted by an “upscale rooftop oasis” known as AVA. Different elements embody an open-air beer backyard, a significant growth of the PBR Cowboy Bar, an upgraded turf space the place particular occasions, actions, and group activations will happen, a devoted space the place native meals vans will rotate, the implementation of state-of-the-art audio visuals and LED screens for optimum sports activities watching, and the set up of artworks that hyperlink the vacation spot to the close by group.
We’re proud to proceed investing in South Philadelphia to create an unparalleled expertise for company and followers,” mentioned Blake Cordish, principal of The Cordish Corporations. “This funding displays our dedication to create a gathering area for festivals, sports activities viewing, and group occasions not like something within the space.”
Cordish concluded that the $15 million funding will be certain that Xfinity Stay! stays the center of the Stadium District for years to return.
Stay! On line casino
Cordish invested $700 million to develop and open Stay! On line casino & Resort Philadelphia. The built-in resort commenced operations in early 2021.
Stay! Philadelphia marked Cordish’s second on line casino in Pennsylvania following Stay! On line casino Pittsburgh, which opened in November 2020.
Stay! Pittsburg is a so-called “mini-casino” that homes 750 slot machines, 40 stay supplier desk video games, and a FanDuel Sportsbook. The $150 million gaming venue is positioned contained in the Westmoreland Mall in what was previously a Bon-Ton division retailer.
Cordish’s bigger on line casino within the commonwealth has over 2,000 slots, 140 tables, a 29-table poker site, and a FanDuel Sportsbook. In 2023, Stay! Philly generated gross gaming income (GGR) of $136.9 million from its slots. That ranked eighth among the many 17 brick-and-mortar properties in Pennsylvania.
Stay!, which is most busy on the weekends, throughout Sunday Eagles’ video games, and different dwelling sporting occasions, controls extra of the state gaming trade in relation to the felt. Stay! Philadelphia desk video games received greater than $108.4 million from bettors final yr, which ranked third.
Together with Stay! Pittsburgh and its retail and cell sports activities betting income, Cordish reported 2023 GGR in Pennsylvania of roughly $368.7 million. Cordish additionally reported $40 million in iGaming GGR.
Nonetheless, a substantial portion of Cordish’s sports activities betting and iGaming revenue is shared with its on-line accomplice, FanDuel.
