Pocono Manor takes a major step forward

23rd Dec 2005

Matzel Development has officially closed on the purchase of the Pocono Manor property, kickstarting the planned development of a major casino destination.

At a
news conference at Pocono Manor, Greg Matzel, President of Matzel
Development announced the official acquisition of the Pocono Manor Inn & Golf
Resort. Matzel Development finalized the purchase of the resort from the
Ireland family, which has owned and operated the property since the 1960s.

Matzel also announced that concurrent with his announcement of the
acquisition, his team today officially submitted its Category Two slot machine
license application with the Pennsylvania Gaming Control Board in Harrisburg.
The board-imposed deadline is December 28.

  “Pocono Manor and this entire region have been a favored vacation
destination for decades, and I’m pleased to be the next in line to continue
such a great tradition,” said Matzel. “I’m excited about writing the next
chapter in this magnificent resort’s history by not only continuing the
Ireland family’s efforts to restoring this magnificent Inn and its existing
amenities to its prior luster, but also by developing a world-class vacation
destination that will add to the vibrancy of the region and make an
unprecedented positive economic impact.”



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