Clicky

PGCB To Hold Casino License Auction in September - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
  • 0 views
  • 3 minutes read
pgcb-pa
Published on
Update on
Author

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. The first five satellite casino licenses were auctioned last year and the state raised a whopping $127 million. However, the auction came to an end when the state’s gaming control board received no bids for the sixth license.

Beginning 10 a.m. on September 4, 2019, the gaming control board will begin accepting bids prior to its regularly scheduled meeting.  As it was before, the minimum bid for the satellite casino license will remain $7.5 million for the gaming facilities which will be able to host up 750 slot machines. Also, the auctions will be limited to the owners of the state’s 12 operational land-based casinos as well as a 13th one that is still under construction in Philadelphia. The gaming companies that will win the casino licenses will be required to pay extra a $2.5 million fee if they want approval to incorporate as many as 30 tables games within the first year of the venue’s operation.

“The first auction in this round is scheduled for September 4, 2019, at 10:00 a.m. just prior to the start of its regularly scheduled Board meeting. The auction will be held in the PGCB’s Public Hearing Room located on the second floor of Strawberry Square in Harrisburg. All current holders of a Category 1, 2 or 3 casino licenses in Pennsylvania are eligible to participate in this auction,” reads a section of the announcement.

The gaming control board will also be streaming the auctions live through its website and the winning bidders will be required to pay the winning bid amount no later than 4 p.m. on the second business day after the auction date. After that, they will have up to six months to submit their applications for the Category 4 slot machine licenses which will include an exact location of the proposed mini-casino.

Boosting Revenue in the State

Satellite casinos in the Keystone State are required to bring in even more revenue and this is precisely the reason why the gaming control board is pushing for an auction. In fact, Pennsylvania has been pursuing a number of gambling expansion initiatives that will further complement the satellite casinos. These include sports betting as well as online and mobile gambling – the former went live in the state late last year while online casinos are set to go live on July 15.

Editor's Picks

New Online Options Boost Pennsylvania Gambling Revenue

The Pennsylvanian online gambling sector just recently went live and it is already performing very well. According to revenue figures that were recently released by the Pennsylvania Gaming Control Board (PGCB), three of the state’s online gambling sites managed to perform their online sports betting counterparts in August 2019. While online gambling verticals are certainly […]

Harrah’s Philadelphia to Introduce a New Mobile Betting App

Its been just nearly two years since the Keystone State signed off on a massive gambling expansion bid that has propelled the growth of the industry so much that it is anticipated that state’s gambling market will be more valuable than those of any other state in the country. Just recently, online gambling was launched […]

Kindred’s Launches Sportsbook in New Jersey, Sets Sight on Pennsylvania

About three months ago, Kindred debuted its online casino offering in New Jersey, one of the most lucrative gambling markets in the United States. As it turns out, that was just part of the operator’s plans to capitalize on the growing market in the state and it has followed through with the launch of an […]

Similar Stories in Gambling

New Online Options Boost Pennsylvania Gambling Revenue

The Pennsylvanian online gambling sector just recently went live and it is already performing very well. According to revenue figures that were recently released by the Pennsylvania Gaming Control Board (PGCB), three of the state’s online gambling sites managed to perform their online sports betting counterparts in August 2019. While online gambling verticals are certainly […]

Evolution Gaming Awarded License in Pennsylvania

Renowned Swedish provider of Live Casino products Evolution Gaming has recently accomplished another huge achievement, a development that is set to have a huge positive impact on its expansion bid in the United States. In a press release that was officially made public last week, the company announced that it had been awarded a conditional […]

Fox Bet Reportedly Planning to Launch Online Sportsbook in Pa.

Sports betting has been thriving in the Keystone State for quite a while and it is about to get even bigger. Online sports betting was among the most anticipated gaming verticals in the state and since online sportsbooks launched in the state, they have reported impressive revenue figures. That said, it is not surprising that […]

York County Mini-Casino Approved by Host Community

The Keystone State’s betting industry is about to grow even a bigger thanks to a recent development that will see Penn National Gaming actualize its plans for a brand new mini-casino near York County. Last week, the supervisors of Springettsbury Township voted in favor of the Penn National satellite casino that will be operating as […]