Mount Airy Casino Resort has become a popular destination for those looking to enjoy a luxurious stay and gaming experience. But have you ever wondered who owns this resort? In this article, we’ll take a closer look at the ownership of Mount Airy Casino Resort.
History of Mount Airy Casino Resort
Before we get into the ownership details, let’s take a brief look at the history of Mount Airy Casino Resort.
The resort is located in Mount Pocono, Pennsylvania, and was opened in 2007. It was constructed on the site of the former Mount Airy Lodge, which was a popular vacation spot in the Poconos for almost 70 years.
The new resort features a 188-room hotel, several restaurants, a nightclub, an 18-hole golf course, and of course, a casino with over 1,800 slot machines and table games.
The Ownership of Mount Airy Casino Resort
Mount Airy Casino Resort is owned by Mount Airy #1 LLC. The company is managed by Louis DeNaples Jr., who is also the majority shareholder.
DeNaples’ father, Louis DeNaples Sr., originally purchased the land where the resort now stands back in 1985. However, it wasn’t until after his death that his son decided to pursue building a casino on the property.
In order to obtain a gaming license from the Pennsylvania Gaming Control Board (PGCB), DeNaples had to go through an extensive background check due to his previous legal troubles. He was eventually granted a license in 2006 and opened Mount Airy Casino Resort in October of 2007.
Controversies Surrounding Ownership
Despite being granted a gaming license by the PGCB, DeNaples’ ownership of Mount Airy Casino Resort has been controversial.
In 1978, DeNaples was charged with perjury for lying to a grand jury about his relationship with organized crime figures. The charges were eventually dropped, but in 1983 he was indicted on federal racketeering charges related to his garbage-hauling business. He ultimately pleaded guilty to a lesser charge and was sentenced to probation.
In 2008, an investigation was launched into whether DeNaples had lied to state gaming regulators about his alleged ties to organized crime figures. He denied the accusations and claimed that he had severed all ties with the individuals in question.
However, in 2009, he agreed to surrender control of the casino and pay a $1.5 million fine to settle the case. He later regained control of the casino in 2012 after reaching a settlement with the PGCB.
Conclusion
In conclusion, Mount Airy Casino Resort is owned by Mount Airy #1 LLC, which is managed by Louis DeNaples Jr. Despite controversies surrounding his previous legal troubles and alleged ties to organized crime figures, DeNaples has been able to maintain ownership of the resort and continue its success as a popular destination in the Poconos.