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Gambling in the USA

PA Gaming Control Board Levies Fines Totaling $242,500

George Miller

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PA Gaming Control Board Levies Fines Totaling $105,000
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The Pennsylvania Gaming Control Board approved fines totaling $242,500 against two casino operators.

The fines were the result of Board approvals at its public meeting of consent agreements between the PGCB’s Office of Enforcement Counsel and:

  • Sands Bethworks Gaming, LLC, operator of the Sands Casino Resort in Northampton County, separate fines of $120,000 for underage gaming violations and a second for $110,000 regarding the awarding of free slot play; and
  • Washington Trotting Association, LLC, operator of the Meadows Racetrack and Casino in Washington County, a $12,500 fine for an underage gaming violation.

DETAILS

The first fine levied against Sands Bethworks Gaming, LLC stemmed from 11 incidents in which individuals under the age of 21 accessed the gaming floor:

  1. An 18-year-old female gained access onto the gaming floor and wagered at slot machines;
  2. An 18-year-old female gained access onto the gaming floor and wagered at slot machines;
  3. An 18-year-old female gained access onto the gaming floor and wagered at table games and was served alcohol;
  4. A 19-year-old female gained access onto the gaming floor and wagered at slot machines;
  5. A 19-year-old male gained access onto the gaming floor and wagered at slot machines;
  6. A 19-year-old male gained access onto the gaming floor and wagered at slot machines;
  7. A 20-year-old male gained access onto the gaming floor and wagered at table games and was served alcohol;
  8. A 19-year-old male gained access onto the gaming floor and wagered at slot machines;
  9. A 20-year-old female gained access onto the gaming floor and wagered at slot machines and was served alcohol;
  10. A 20-year-old male gained access onto the gaming floor and wagered at slot machines; and,
  11. A 20-year-old male gained access onto the gaming floor on two separate days and wagered at table games and was served alcohol.

The second fine approved by the Board against Sands Bethworks Gaming, LLC for permitting the issuance of free slot play by employees who were not authorized to do so and/or issuing free slot play of amounts above authorized levels. Free slot play is used to build and reward patron loyalty, and drive repeat visits from valuable customers who might otherwise patronize another facility in or outside the Commonwealth.

The fine against Washington Trotting Association, LLC stemmed from an 18-year-old male gaining access onto the gaming floor, wagering at table games and being served alcohol.

The next meeting of the Pennsylvania Gaming Control Board is scheduled for 10:00 a.m., Wednesday, May 15, 2019 in the PGCB’s Public Hearing Room located on the second floor of the Strawberry Square Complex in Harrisburg.

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, including sports wagering offered currently at eight locations. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ over 16,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

SOURCE Pennsylvania Gaming Control Board

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan

Niji Narayan

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Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan
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The leaders of Oklahoma-based Cherokee, Chickasaw, Choctaw, Muscogee (Creek) and Seminole nations have approved a resolution denouncing the new Republican governor’s plan to force negotiations for a bigger slice of revenue from Oklahoma’s tribal casinos.

The Inter-Tribal Council of the five civilised tribes approved the resolution during a meeting in Tulsa.

Last week, Gov. Kevin Stitt said that the existing compacts should be reevaluated now that the gambling industry has matured in Oklahoma.

Tribal leaders and the governor disagree over what triggers a 15-year renewal of the compacts.

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Compliance Updates

Sports Betting Becomes Legal in New Hampshire

Niji Narayan

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Sports Betting Becomes Legal in New Hampshire
Photo Source: reviewjournal.com
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New Hampshire has become the latest U.S. state to legalise sports gambling. Gov. Chris Sununu signed into law a measure that legalises betting on professional sports and most Division I college sports, excluding games involving New Hampshire schools. The state Lottery Commission will regulate the new industry.

“We can do it with a lot of confidence because it’s being done responsibly, and it’s being done with an organization here at the lottery that just knows what they’re doing. They know how to get this stuff off the ground,” Sununu said.

Opponents had argued sports betting would continue the state’s reliance on problematic revenue sources, including alcohol and cigarettes, the so-called “sin taxes.” But supporters argued legalising of sports betting will bring black-market activity to the surface and provide support for problem gamblers through a new organisation focused on education, prevention and treatment.

“I’m happy we’re bringing an illicit activity into the light for our citizens of New Hampshire and allowing for some consumer protections,” Rep. Timothy Lang said. He called it a win for residents, communities, the state and public education.

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Gambling in the USA

Twin River Worldwide Signs Agreement to Acquire Two Casinos from Eldorado Resorts

Niji Narayan

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Twin River Worldwide Signs Agreement to Acquire Two Casinos from Eldorado Resorts
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Twin River Worldwide Holdings has entered into a definitive agreement to acquire the Isle of Capri Casino in Kansas City and Lady Luck Casino in Vicksburg from Eldorado Resorts in a cash transaction for $230 million.

The purchase price represents an implied trailing twelve month proforma earnings before interest, taxes, depreciation and amortisation multiple of approximately 8.4× for the properties on a combined basis.

“This transaction continues our focus on creating long-term shareholder value as we strive to develop or acquire assets which we believe will prove accretive to our earnings,” George Papanier, President and CEO of TRWH said.

“Isle Kansas City and Lady Luck Vicksburg expand our geographic footprint with assets in attractive markets. We believe these assets are a great fit for our portfolio and see the opportunity to increase the net cash flow from these properties by our redevelopment and operating plans. In particular, in Kansas City, where the property lies within an area near downtown that has been targeted by local officials for development, we feel there is opportunity for capital investment in the property which we believe will have a transformative impact and integrate well with local development efforts in the area,” George Papanier added.

The transaction is subject to receipt of required regulatory approvals and is expected to close in early 2020.

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