Connect with us
SIS

Gambling in the USA

No Bids Received at Pennsylvania Gaming Control Board’s Category 4 Casino Auction

George Miller

Published

on

No Bids Received at Pennsylvania Gaming Control Board's Category 4 Casino Auction
Reading Time: 2 minutes

 

The Pennsylvania Gaming Control Board received no bids at its auction to reserve the opportunity to apply for a Category 4 Satellite Casino license, thus concluding this auction process.

Per Act 20 of 2019 (“Act”), the Board was to conduct up to five auctions for the remaining Category 4 Slot Machine Licenses. Bidders could only be current holders of Pennsylvania casino licenses. The Act also further directed that no further auctions are to be conducted if an auction fails to generate a bid.

Under the Gaming Expansion Act of 2017, the Gaming Control Board was authorized to award up to 10 Category 4 (satellite) Slot Machine Operator Licenses through an auction process which was conducted from January to April 2018, resulting in five successful auctions garnering $127 million in bids to secure the right to obtain a Category 4 license. Two of the projects have thus far received approval by the Board to begin construction:

Mountainview Thoroughbred Racing Association, LLC, which operates Hollywood Casino at Penn National Race Course, was awarded a Category 4 license on June 12, 2019 to construct a satellite casino in Caernarvon Township, Berks County (bid price: $7,5000,003).
Stadium Casino, LLC, which is constructing a Category 2 casino in Philadelphia, was awarded a Category 4 license on August 14, 2019 to construct a satellite casino in Hempfield Township, Westmoreland County (bid price: $40,100,005);
Three Category 4 projects have submitted applications, after successfully winning an auction last year, with their final award still pending:

Mountainview Thoroughbred Racing Association, LLC, is seeking a second license in this category to construct a satellite casino in Springettsbury Township, York County (bid price: $50,100,000);
Mount Airy #1, LLC which operates the Mount Airy Casino Resort, is seeking a license to construct a satellite casino in Big Beaver Borough, Beaver County (bid price: $21,188,888.88);
Greenwood Gaming and Entertainment Inc., which operates the Parx Casino, is seeking a license to construct a satellite casino in Shippensburg Township, Cumberland County (bid price: $8,111,000).

A Category 4 Slot Machine License permits the entity to operate between 300 and 750 slot machines. The entity could also petition for permission to initially operate up to 30 table games for an additional fee of $2.5 million with the capability of adding an additional 10 tables games after its first year of operation.

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of gambling legalized under 2004’s Race Horse Development and Gaming Act and the Gaming Expansion Act of 2017. In addition to slot machine and table games gambling at land-based casinos, the expansion includes online casino games available to date on three sites; sports wagering offered through sportsbooks at nine locations and through four online outlets; video gaming terminals (VGTs) offered thus far at three qualified truck stops; fantasy sports contests through eight providers; and, online games at airports expected to be launched in the coming months.

The mature casino industry in Pennsylvania 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 over $1.3 billion in tax revenue from slot machine and table games play. Construction of a 13th casino is currently underway along with a number of new “mini-casinos” that are expected to begin operation over the next couple of years.

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.

Continue Reading
Advertisement
Comments

Gambling in the USA

Win Technologies USA Installs Wigos in Chickasaw Nation Casinos

Niji Narayan

Published

on

Win Technologies USA Installs Wigos in Chickasaw Nation Casinos
Reading Time: 1 minute

 

Win Technologies USA has installed its Wigos casino management system in the Ada Gaming Center and Megastar Casino of Chickasaw Nation.

The Ada Gaming Center is a casino located in Ada which offers 355 electronic games and two table games. Ada Gaming also offers a Players Club, Traditions Bar, and an attached Chickasaw Travel Stop.

Megastar Casino is located north of the Oklahoma-Texas border in Willis and offers over 650 electronic games. The casino boasts a Players Club, Kitchen 377, a bar area and is also attached to a Chickasaw Travel Stop.

“These are Win Technologies USA’s first CMS installations with the Chickasaw Nation, and we are honored to be working with this great team of dedicated gaming professionals,” Alex Alemany, President of Win Technologies USA said.

“Win Technologies USA provides us with a scalable, cost-effective casino management system with great technological innovation that doesn’t erode profitability. We are excited for the opportunity to grow our business using the Wigos CMS and look forward to working with Win Technologies USA on future projects,” Scott Emerson Executive Officer of Business Operations in the Chickasaw Nation Department of Commerce said.

Continue Reading

Gambling in the USA

GAN plc: Internet Gambling Revenue of Pennsylvania Increases in August 2019

Niji Narayan

Published

on

GAN plc: Internet Gambling Revenue of Pennsylvania Increases in August 2019
Reading Time: 1 minute

 

GAN plc has updated the market following the publication of Internet gaming and Internet sports betting financial information for August 2019 in Pennsylvania, by the Pennsylvania Gaming Control Board (PGCB).

Internet Gaming Win was $6.3 million in August compared to $2.9 million in the prior sequential month, reflecting an increase of 118.6%. Total Internet Sports Wagering Handle was approximately $83.2 million in August compared to $39 million in July. Internet Sports Wagering Gross Revenues for the month of August were $6.3 million compared to $2.9 million in July.

Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.

Continue Reading

Gambling in the USA

Boyd Gaming Appoints A. Randall Thoman to its Director Board

Niji Narayan

Published

on

Boyd Gaming Appoints A. Randall Thoman to its Director Board
Reading Time: 1 minute

 

Boyd Gaming Corporation has appointed A. Randall Thoman to its Board of Directors.

Thoman is the principal of business advisory firm Thoman International LLC and is having more than 30 years of experience in large and complex public companies.

Thoman is currently a director board member of Southwest Gas Corporation and is the chairman of the board’s audit committee. He previously served on the boards of SLS Las Vegas and SHFL Entertainment Inc.

“With decades of experience working with public companies, including extensive audit committee expertise, Randy is an excellent fit for our strong Board of Directors. We are pleased to welcome Randy to the Board and look forward to working with him as we continue to successfully execute our long-term growth strategy,” Bill Boyd, Executive Chairman of Boyd Gaming said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.