Pinnacle gambling on Jordan
Michael Jordan could become an investor in a slot-machine parlor in Philadelphia, state gambling regulators were told Wednesday. The Pennsylvania Gaming Control Board concluded hearings on applications by five groups competing for licenses in what could be the nation's largest city with stand-alone casinos. Las Vegas-based Pinnacle Entertainment Inc. said if it gets a license, Robert L. Johnson, founder of Black Entertainment Television, would be a partner. Johnson told regulators he would sell part of his one-third stake in the slots parlor to Jordan, a partner of Johnson's in the NBA's Charlotte Bobcats. Attaching a celebrity's name would help improve its draw, he said. The gaming board vote is Dec. 20.
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