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As the Europe edges closer to a recession, people have less money on their accounts and casino revenues are dropping. Pennsylvania is no exception. It legalized slot machines back in 2004 and sold a casino license to Don Barden for $50m. The Detroit businessman agreed to build a casino called the Majestic Star in Pittsburgh on the North Shore. Still, you’re out of money. What must you do? There’s been no work on the site for the last two months. The construction workers are waiting for their pay. This is a problem for any politician. If Barden is allowed to go into bankruptcy, there’ll be pain all round. There’ll be a white elephant half-built shell that no other company can take over until the bankruptcy is cleared. Construction companies and their workers will get no more than a few cents on the dollar.

So the Pennsylvanian politicians have found a new partner for Barden in the form of Chicago real estate billionaire Neil Bluhm He’s leading a new group called Pittsburgh Gaming Holdings LP. But now the legal problem is whether the Gaming Control Board can transfer the license to this new group. They’re supposed to hold free and open competitions for the license. It’’s a nightmare and the state is running short of money. If all else fails, there may have to be tax increases! No-one wants that.