Live! Casino & Hotel Set to Launch Pa.'s Seventh Sportsbook - News : News
  • 3 minutes read
Published on
Update on

Philadelphia has long been very friendly to sportsbooks – six of the Keystone State’s sports betting facilities are located either inside or outside the city’s area. A seventh sportsbook is now headed for the area courtesy of the Stadium Casino-operated Live! Casino & Hotel.

Even though Stadium Casino, LLC is yet to apply for the $10 million sports betting license in the state, the operator has already made their pitch during for a sportsbook that is expected to go live in December 2020. One of the company’s representatives pointed out during the presentation that what they are planning is going to be more than just a sports betting parlor but a place where patrons will be treated to a plethora of great offerings and entertainment as well.

As it stands, it is quite difficult to tell whether or not the company intends to follow through on the casino plan especially considering all the hurdles and setbacks it is bound to face once it sets the ball rolling on the sports betting venture. First off, in addition to the cost of the sports betting license, the casino will have to contend with the 36 percent tax rates that is imposed on sports books in the states – this is the highest rate in the United States. However, this information has been on the public domain for a very long time and perhaps Stadium Casino is prepared for it.

Another concern for the sportsbook pertains to the heated competition that is already being seen in the state’s sports betting landscape. In essence, it is very unlikely that the Live! Casino and Hotel sportsbook will get the same reception that some of its competitors have gotten in the recent past. Furthermore, the state’s online sports betting industry is set to go live later this month and this will prove to be a challenge even for the already established sportsbooks.

Still, there is a possibility that the sportsbook will offer something appealing enough to draw people to it. Part of the operator’s plans to achieve this will be through a sportsbook that is connected to a sports bar. According to the casino’s representatives, the hotel and casino, which is expected to reside within the sports stadium district, will become the “premier sports, entertainment, gaming hospitality destination in the US.”

License Renewal

The Live! Casino Hotel Philadelphia hearing was not just about declaring its sports betting bid though. In fact, the main agenda was the renewal of the casino’s 5-year Pennsylvania gaming license. Unsurprisingly, there is very little doubt that the Pennsylvania Gaming Control Board will renew the casino’s licenses – it is a huge contributor to the state’s gambling tax revenue which makes it a very valuable player in the states gambling landscape and its economy as a whole.

Editor's Picks

US Department of Justice Files Notice of Appeal for Wire Act

On Friday, August 16, the United States Department of Justice (DOJ) officially filed a Notice of Appeal in the civil case that it recently lost to the New Hampshire Lottery Commission (NHLC) over the reinterpretation of the 1961 Wire act opinion. The Notice of Appeal was filed by the DOJ, led by Attorney General William […]

Revenue Stats Reveal Modest Start for Pennsylvanian Online Gambling

On Friday, August 15, the Pennsylvania Gaming Control Board released revenue figures for the state’s online gambling industry which officially kicked off in July, and from the looks of it, the sector is on the right trajectory. According to the gaming regulator, the state’s three online gaming operators brought in a total of $812,306 between […]

PGCB Criticizes Plans by Operators to Reduce Slot Machines

On Wednesday, August 14, the Pennsylvania Gaming Control Board held a hearing in Harrisburg that saw to the unfolding of a number of regulatory actions. However, most of the time was spent addressing three petitions that sought to reduce gaming floors at certain venues. The most notable petitions were filed by Presque Isle Downs Casino, […]

Similar Stories in Gambling

Pennsylvania Sports Betting Sector Adds Two New Sportsbooks

The Keystone State’s retail sports betting market recently grew bigger thanks to the launch of two new sportsbooks. The sportsbooks which went live on Thursday, August 8, were launched just in time for the NFL preseason which implies that the state is now on full throttle in as far as the sports betting industry is […]

FanDuel Online Sports Betting Goes Live in Pennsylvania

Renowned daily fantasy sports betting operator FanDuel has recently become the fourth to go live with sports betting operations in the Keystone State. This move comes after a successful test phase that was overseen by the Pennsylvania Gaming Control Board (PGCB) which further proves that the operator has already got a hang of what the […]

Sports Betting is Now Legal and Regulated in New York

Mid this month, the Empire State saw the launch of its very first regulated sportsbook. This comes six years after the enabling law was passed and a little over a year since the United Supreme Court abolished the Professional and Amateur Sports Protection Act (PASPA). Sports betting in the state was authorized under a voter-approved […]

Pa. Gambling Revenue Tops $3.3B in Fiscal Year 2018/2019

The Keystone State’s massive gambling market continues to grow and as expected, it has been able to generate significant amounts of revenue through various sectors. In fact, it is safe to say that the gaming industry, in one way or the other, has managed to surpass a lot of expectations, a trend that is likely […]