{"id":661,"date":"2019-03-01T14:13:10","date_gmt":"2019-03-01T19:13:10","guid":{"rendered":"https:\/\/www.pennsylvaniacasinos.com\/news\/?p=661"},"modified":"2019-03-01T14:13:10","modified_gmt":"2019-03-01T19:13:10","slug":"parx-casino-license-reviewed-approved","status":"publish","type":"post","link":"https:\/\/www.pennsylvaniacasinos.com\/news\/parx-casino-license-reviewed-approved\/","title":{"rendered":"Parx Casino License Reviewed &amp; Approved"},"content":{"rendered":"\n<p>On Thursday, February 28, Pennsylvania&#8217;s leading land-based\ncasino, Parx Casino, sat down with the <strong>Pennsylvania\nGaming Control Board (PGCB)<\/strong>, the state&#8217;s iGaming and gambling regulator. <\/p>\n\n\n\n<p>It was a simple technicality, but with a few wrinkles. <a href=\"https:\/\/www.kambi.com\/industry-insights\/kambi-launches-property-sportsbook-parx-casino-pennsylvania\">The\nKambi-powered Parx Casino<\/a> is re-applying for another five-year license, but\nthe process was slightly altered because of the arriving of online gambling,\npassed with a new Gambling Act in 2017. <\/p>\n\n\n\n<p>As a result, <strong>Greenwood\nRacing Inc.&#8217;s CEO Anthony Ricci<\/strong> had to elaborate on how soon Parx was\nplanning to introduce online casinos and if at all. Representing the parent\ncompany of the gaming brand, Mr. Ricci explained that he had initially hoped\nParx to launch its operation by mid-2019. <\/p>\n\n\n\n<p>This timeline may now be altered, after PGCB Director Kevin\nO&#8217;Toole explained, during the same meeting, that Pennsylvania&#8217;s early iGaming\nlaunch will have to be deferred until June, and very possibly July. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"the-wire-act-throws-a-spanner-in-the-works\"><strong>The Wire Act Throws a Spanner in the Works<\/strong><\/h2>\n\n\n\n<p>The PGCB has been requesting license-holders to submit a re-evaluation report explaining how businesses would handle the latest changes in regulation pertaining to the Department of Justice Office of Legal Counsel Wire Act Opinion.<\/p>\n\n\n\n<p>The reversal of the Wire Act signed by <a href=\"https:\/\/www.justice.gov\/opa\/pr\/deputy-attorney-general-rod-rosenstein-issues-memo-us-attorneys-recently-published-olc\">Deputy\nAttorney General Rod Rosenstein<\/a> has upset the plans of most casinos in\nPennsylvania. Originally, brands were hoping to use servers based in New\nJersey, thus saving up on some of the costs, but these plans have changed.<\/p>\n\n\n\n<p>According to the Wire Act, exchanges of data between states for\nthe purposes of online gambling is not admissible. Nevertheless, Mr. Ricci\nremained confident in Parx&#8217;s way of handling the matter.<\/p>\n\n\n\n<p><em>&#8220;We don\u2019t see any reason why we can\u2019t proceed,&#8221;<\/em>\nsaid Mr. Ricci. He also clarified that should the DoJ&#8217;s Opinion become\noverly-restrictive, an unlikely scenario, Parx would simply require customers\nto deposit in-person at a casino.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"golden-nugget-and-mgm-pose-a-risk-to-parx\"><strong>Golden Nugget and MGM Pose a Risk to Parx<\/strong><\/h2>\n\n\n\n<p>A point that Mr. Ricci addressed during his hearing was the\ninvolvement of stand-alone online casinos in Pennsylvania. He pointed out that\nsuch properties could re-focus their efforts solely on advertising and\nmarketing whereas brick-and-mortar properties had to keep the lights on.<\/p>\n\n\n\n<p>Lawmakers have found a partial solution by collecting renewal\nfees that are higher from such online operators whereas land-based operators\ndon&#8217;t have to worry about their license renewals for a while. <\/p>\n\n\n\n<p>Still, Mr. Ricci believes that the balance favors the online\nestablishment. He&#8217;s most likely right. In New Jersey, DraftKings managed to\nbeat all other <a href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/news\/pennsylvania-sports-betting-finally-goes-live\/\">sportsbooks<\/a>,\nwith the bulk of proceedings coming from the online app. <\/p>\n\n\n\n<p><strong>MGM<\/strong> and <strong>Golden Nugget<\/strong>, two Atlanta-based casinos, have stated their readiness to introduce iGaming products to the state, becoming direct competitors to the land-based Parx Casino. <\/p>\n\n\n\n<p>Mr. Ricci didn&#8217;t seem happy about the DoJ&#8217;s decision, though,\neven if Parx Casino&#8217;s businesses is mostly in-person and land-based, signalling\nthat Pennsylvania&#8217;s operators stand together, at least for the time being. <\/p>\n","protected":false},"excerpt":{"rendered":"On Thursday, February 28, Pennsylvania&#8217;s leading land-based casino, Parx Casino, sat down with the Pennsylvania Gaming Control Board (PGCB), the state&#8217;s iGaming and gambling regulator. It was a simple technicality, but with a few wrinkles. The Kambi-powered Parx Casino is re-applying for another five-year license, but the process was slightly altered because of the arriving [&hellip;]","protected":false},"author":6,"featured_media":662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[27,76,80],"class_list":["post-661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation","tag-doj","tag-parx-casino","tag-pgcb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Parx Casino License Reviewed &amp; Approved - PennsylvaniaCasinos.com News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/parx-casino-license-reviewed-approved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parx Casino License Reviewed &amp; Approved - PennsylvaniaCasinos.com News\" \/>\n<meta property=\"og:description\" content=\"On Thursday, February 28, Pennsylvania&#8217;s leading land-based casino, Parx Casino, sat down with the Pennsylvania Gaming Control Board (PGCB), the state&#8217;s iGaming and gambling regulator. 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