Competition in Pennsylvania is tough for casinos, but Sands Bethlehem’s biggest threat might be the new Resorts World Catskills Casino in New York.
The winner of Pennsylvania’s second satellite casino auction is Stadium Casino LLC. The Philly Live! builder secured a location just outside of Pittsburgh in Dyer, PA.
Mercer County is lobbying for a satellite casino and Penn National is buying, but the bidding rules mean they cannot strike a deal.
Philly Live! is ready to move forward and work towards breaking ground, but it may not be ready to keep going with its current name.
Internet sports betting company SBTech and online gambling software provider GAN are joining forces and making plans to take Pennsylvania’s first online sports bet.
Penn National may have bid $50.1 million on Pennsylvania’s first satellite casinos, but the company is simultaneously going to court to challenge the satellite casino law.
Moody’s Investors Service revised Boyd Gaming’s credit ratings outlook to stable from positive a day after the company announced plans to acquire PA’s Valley Forge Casino Resort.
Online lottery could be available in Pennsylvania in the spring. New gambling laws authorize online sales and allow the lottery to offer a wider game selection which should boost revenues.
In an attempt to protect its Hollywood Casino property, Penn National bid $50.1 million for rights to the first satellite casino in Pennsylvania.
2017 slot machine revenues in Pennsylvania have been stagnant across the state’s licensed casinos. This will change in 2018 with the new gambling expansion laws.