- Paul Martino leads a development group looking to launch a new sports betting parlor and restaurant in the heart of Philadelphia.
- The venue is to be called Bankroll and would become the biggest restaurant in the city.
- Revenue expert Marc Rayfield is one of the six investors looking to launch the new sports betting venue.
PHILADELPHIA – The City of Brotherly Love may be getting a brand-new sports betting parlor and restaurant as an investment group is looking to launch Bankroll, a technology-themed sports betting venue in the heart of the city.
The six-man investment group is also joined by former CBS radio personality turned revenue expert Marc Rayfield. The building is located two blocks from City Hall.
If launched, Bankroll would become the biggest restaurant in all of Philadelphia and be a prime location for betting on sports in Pennsylvania.
Bankroll Getting Bankrolled
The investment group is working towards raising the $8 million required to build Bankroll. Although no confirmation has been made by any of the investors, nor City Councilman Allan Domb, sources have stated that the group is looking at the Drexel Building.
The Drexel building is prime real estate as it is located on 15th and Walnut street and has a retail space valued a $41.61 per square foot. With a square feet measurement of 24,000, this would make Bankroll the largest restaurant in all of Philadelphia.
“We want to make Philadelphia the sports betting capital of the U.S.,”said Rayfield on the topic of opening Bankroll.
Rayfield’s description of the project evokes a sense of technology. Customers will be able to order food using tablets or an app from their mobile devices. Through the app, patrons will also be able to control the television, audio, review odds, place bets, and collect rewards.
The app may also utilize machine learning in order to better apply which specific offers would work for each specific customer at the sportsbook.
As Jeff Blumenthal of the Philadelphia Business Journal writes, “there will also be a VIP area and live broadcast studio, for which Rayfield said negotiations are ongoing with Barstool Sports and other media outlets.”
The venue is far from even beginning the building process, however. The city is still dealing with the coronavirus pandemic, and the group has yet to raise the $8 million.
Still, it should be exciting for Philadelphia sports bettors to have a new legal sports betting operation in the works.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.