Clicky

Harrah’s Philadelphia Applies for Pa. Sports Betting License - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
  • 88 views
  • 3 minutes read
harrah's-philadelphia
Published on
Update on
Author

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.

Editor's Picks

Online Gambling Finally Takes Off in Pennsylvania

Following several months of rigorous product testing by the Pennsylvanian Gaming Control Board (PGCB), three of the Keystone State’s licensed casino operators have recently begun offering their online gaming products to the state’s residents. Pennsylvania will now be finally joining the small list of states where online casino-style gaming is fully legalized and regulated. Penn […]

Pa. Casinos Lose Lawsuit Against Online Lottery Games

A while back, a coalition of seven casinos in Pennsylvania filed a lawsuit seeking an injunction to stop the Pennsylvania Lottery from offerings online casino-style games. Last Friday, the casinos were dealt a huge blow when a Commonwealth Court chose to side with the lottery. The Pennsylvania Lottery officially launched its online lottery product in […]

PGCB To Hold Casino License Auction in September

On Wednesday, July 10, the Pennsylvania Gaming Control Board (PGCB) voted in favor of a plan to recommence the Category 4 satellite casino auction process. As such, the state will try again to award gaming licenses for five more satellite casinos as part of the ongoing aggressive gambling expansion that kicked off in October 2017. […]

Similar Stories in Gambling

High Hopes as DraftKings Acquisition of SBTech Nears

DraftKings, one of the most popular gaming operators in the United State is currently on the verge of completing its bid to acquire online gambling and sports betting company SBTech. The announcement of the acquisition plans came just a week after SBTech had appointed a new president for its operation in the United States. This […]

Legal Sports Betting Finally Comes to Illinois

Last Friday, Illinois Governor J.B. Pritzker signed a bill that effectively made the state the fifth one to officially legalize sports betting in the country following the May 2018 Supreme Court ruling that abolished PASPA and legalized sports betting. The bill that was signed into law included a wide-ranging $45 billion capital funding package. Work […]

Parx Becomes Second Pa. Casino to Launch Online Sportsbook

Online sports betting kicked off in the Keystone State just a little less than a month ago and already the state’s residents are getting even more options in that regard. SugarHouse Casino in Philadelphia was the first online and mobile sports betting platform to go live in Pennsylvania and on Thursday, June 27, Parx Casino […]

GAN, FanDuel Expand Pennsylvania Online Gaming Partnership

Renowned online gambling software developer and solutions provider GAN last week announced that it would be making substantial additions to the services that it currently provides to FanDuel Group which is owned by Flutter Entertainment, the behemoth gambling operator that was previously known as Paddy Power Betfair. The expansion will be going down in the […]