Pennsylvania Gaming Announces Another Satellite Casino Auction
The Pennsylvania Gaming Control Board (PGCB) is set to hold a category 4 casino licence auction. The auction will be held on September 2.
The category licences were created through the state’s expanded gaming act signed Gov. Tom Wolf in October 2017. Also, the licences allow for each venue to initially house up to 750 slot machines and 30 table games. companies that are going to win a category 4 auction must choose a township that accepts the hosting of a gaming venue.
In 2018, the parent company of Mount Airy Casino in Mount Pocono won the bid in the state’s third category 4 auction.
The company made a $21.18 million offer. Also, the company selected Big Beaver Borough, Beaver County for its mini casino. Additionally, the targeted location is about 30 miles northwest of Pittsburgh.
The Pennsylvania Gaming Expansion Bill
The Pennsylvania gaming expansion bill allows up to 10 category 4 licences to be awarded. Also, the Pennsylvania Gaming Control Board began auctioning the mini casino permits in January 2018. Penn National Gaming won the first round.
The company made a $50. 1 million bid. Additionally, Penn National Gaming chose Springettsbery Township in York County. Another company, Stadium Casino won the second round with a $40. 1 million bid. Additionally, the company chose Hempfield Town in Westmoreland Country.
Mount Airy was the third company to win followed by Parx Casino with $8. 11 million bid. In addition, the company chose Shippensburg Township in Cumberland County. However, no bids were received during the fifth round. Also, this resulted in the state allowing casinos that already won satellite licenses to bid again.
Pennsylvania’s 13 licenced full-scale commercial casinos will be allowed to bid on the satellites. Also, Pennsylvania lawmakers are currently considering legalisation of skill game machines.