Clicky

Harrah’s Philadelphia Applies for Pa. Sports Betting License - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
harrah's-philadelphia
Published on
Update on

On September 26, Harrah’s Philadelphia officially became the third Pennsylvanian casino to apply for a sports betting license. The Caesars Entertainment-owned gambling facility has even already dished out the $10 million licensing fee to the Pennsylvania Gaming Control Board as part of its application. However, as it stands, there is no solid timeline that can help in determining when exactly the state regulator will approve the license application. All that is known is that the gaming control board will begin considering all of the applications sometime in October.

“Harrah’s Philadelphia possesses the financial integrity, stability and responsibility required to successfully implement and operate sports wagering,” reads an application released Tuesday by the PGCB. “Harrah’s Philadelphia’s operation of slot machines and table games … has been very successful, and Harrah’s Philadelphia has sufficient capital to operate its business.”

Harrah’s joins Hollywood Casino and Parx casino as the only licensed casino operators in the state to have applied for the sports betting licenses regardless of the rather exorbitant fees and tax rates that they have been subjected to – the Keystone State’s 36 percent tax rate is prohibitively high especially compared to the rather reasonable tax rates in other states’ sports betting markets.

In its license application, Harrah’s Philadelphia mentioned that it would be drawing from the experience of Caesars Entertainment, which already has a sports betting operation in New Jersey, Nevada, and Mississippi. Furthermore, its application indicates that it will be offering on-site sports betting as well as mobile and online sports betting services to the Pennsylvanian market.

“Harrah’s Philadelphia clearly has the business ability and experience to operate and maintain a successful sports wagering operation,” reads the application. “Harrah’s Philadelphia’s slot operation has exceeded expectations and Harrah’s Philadelphia has an excellent reputation for meeting or exceeding regulatory expectations.”

To implement all of the proposed offerings, Harrah’s Philadelphia will need to ink a few deals with Caesars Interactive Entertainment LLC, to operate its interactive sports betting services as well as with Scientific Games Corporation which will be providing equipment as well as the sports betting engine.

The State of Pa. Online Gambling

Harrah also happens to be one of the casinos that were granted online or interactive gaming licenses to offer non-peer-to-peer table, slots and poker games by the Pennsylvania Gaming Control Board last month.

After the deadline for the application for the interactive gaming licenses finally passed, the state regulator proceeded with the next step that involved taking applications for the seven remaining interactive gaming licenses from out-of-state operators or any other Qualified Gaming Entities (QGEs).

“The seven interactive gaming certificates that remain available may now be awarded to qualified gaming entities or QGEs,” said PGCB Executive Director Kevin O’Toole. “A QGE is defined in the expanded gaming act as a gaming entity licensed in any jurisdiction which has satisfied the requirements set forth in the act and any other criteria established by the board, including financial and character suitability requirements.”

The regulator will award the licenses to the Qualified Gaming Entities at random after all their applications have been received and vetted.

Latest Headlines

Pennsylvania Announces Another Mini-Casino License Auction

As plans to reopen retail gambling venues continue to pick up pace in Pennsylvania, the state’s gaming control board also seems to have its sights set on even more expansion. Once again, the state will be trying its luck at increasing the number of mini-casinos. Already, the gaming officials have set September 2 as the […]

Multiple Pennsylvanian Casinos Go Smoke-Free

Thanks to new directives from the state health authority and regulators in the Keystone State, several land-based gaming venues are now smoke-free. Many of the retail gaming operators have been preparing to launch while ensuring that they adhere to the guidelines provided by the Pennsylvania Department of Health. The Washington-based Meadows Racetrack & Casino is […]

Penn National Gaming Inks Sports Betting Deal with Sportradar

Renowned gambling operator Penn National has recently revealed that it has entered into a lucrative partnership with Sportradar, the world’s leading provider of sports content and data. The partnership will allow Penn National Gaming to gain access to official NFL data which it can then use on its sports betting platforms. In its sportsbooks, Penn […]

A Look at FanDuel’s Standalone Pennsylvania Casino App

Last week, FanDuel unveiled a standalone casino app that will be catering to the very lucrative Pennsylvanian online gambling market. FanDuel Casino App which is available for both iOS and Android users in the state. However, this is not the first that avid gamblers in the state will be hearing of the offering. The online […]

New Proposal Could Lead to Regulation of Slot-Like Machines in Pennsylvania

Pennsylvanian seems to be poised to go through yet another major gambling overhaul. This is thanks to a recent proposal by the state’s Senate which intends to introduce even more sweeping changes to the gaming market. Most notably, the proposal is pushing for the legalization of slot-like gaming terminals which will be situated in a […]

Similar Stories in Gambling

Multiple Pennsylvanian Casinos Go Smoke-Free

Thanks to new directives from the state health authority and regulators in the Keystone State, several land-based gaming venues are now smoke-free. Many of the retail gaming operators have been preparing to launch while ensuring that they adhere to the guidelines provided by the Pennsylvania Department of Health. The Washington-based Meadows Racetrack & Casino is […]

Penn National Gaming Inks Sports Betting Deal with Sportradar

Renowned gambling operator Penn National has recently revealed that it has entered into a lucrative partnership with Sportradar, the world’s leading provider of sports content and data. The partnership will allow Penn National Gaming to gain access to official NFL data which it can then use on its sports betting platforms. In its sportsbooks, Penn […]

New Proposal Could Lead to Regulation of Slot-Like Machines in Pennsylvania

Pennsylvanian seems to be poised to go through yet another major gambling overhaul. This is thanks to a recent proposal by the state’s Senate which intends to introduce even more sweeping changes to the gaming market. Most notably, the proposal is pushing for the legalization of slot-like gaming terminals which will be situated in a […]

Pennsylvania Records More Online Gaming Growth in May 2020

Things continue to look up for the Keystone State’s online gambling industry and a recent revenue report from the Pennsylvania Gaming Control Board (PGCB) details all of this. While the growth may have not been able to completely undo all of the damage that was left by the closure of land-based gaming facilities a couple […]