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A casino operator is apparently rolling the dice on a western Pennsylvania shopping mall for its mini-casino. Maryland-based Stadium Casino officials are planning to locate their gaming operation. Firm wins right to build mini-casino in Westmoreland County By MARC LEVY January 24, 2018 GMT HARRISBURG, Pa. (AP) — A Baltimore-based developer that is building a casino in Philadelphia’s stadium district won the right Wednesday to put up a smaller casino clear across Pennsylvania, outside Pittsburgh, in the second auction of licenses. Stadium Casino opened a mini-casino site in a vacant space at Westmoreland Mall in western PA in mid-Nov. Stadium’s parent company, Cordish Companies, redeveloped the site in Hempfield Township, Westmoreland County. Plans call for a 100,000 square foot mini-casino. The location is about 50 minutes east of Pittsburgh. (AP) – A company that’s building a casino in Philadelphia has won the right to put up a mini-casino across Pennsylvania in Westmoreland County in the second auction of licenses. The operator of a Philadelphia-based casino outbid three competitors for the rights to Pennsylvania`s second mini casino license, which it plans to use to build a gambling hall in Westmoreland County. Stadium Casino LLC bid $40.1 million for the license and listed Derry Township as its target area, though the.
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HARRISBURG, Pa. (AP) — Pennsylvania will again seek to auction a mini-casino license on Sept. 2, under orders from state lawmakers in search of cash for a treasury starved of tax collections from shutdowns to contain the coronavirus.
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The Pennsylvania Gaming Control Board on Wednesday scheduled the auction after budget legislation that passed in May required another auction.
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Owners of the state’s licensed casinos are eligible to bid, although many of them never even bid in seven prior auctions. The bidding is under an aggressive 2017 state law to expand gambling, including authorizing auctions of 10 mini-casino licenses that allow the holder to operate up to 750 slot machines and up to 40 table games.
Bidders must submit a prospective site for the casino that cannot come within 40 miles of another casino location.
Minimum bids are set at $7.5 million, and the state tax rate on casino revenue is among the nation’s highest.
Meanwhile, exclusion zones around the 17 existing and proposed casino sites have rendered Pennsylvania’s largest metropolitan areas off-limits. That leaves bidders with a choice of rural northern Pennsylvania, a stretch along the Ohio border between Pittsburgh and Erie, and a handful of smaller cities, including Altoona, Williamsport and State College.
On top of that, coronavirus shutdowns have kept Pennsylvania’s casinos closed for much of the last four months, and slot-machine play — the dominant money-maker — was off by about 25%, or almost $7 billion, in the 11 months through June, according to the latest state statistics.
The state received bids in five auctions in 2018, but interest petered out in the sixth auction and another auction ordered by lawmakers last year drew no bids.
None of the mini-casinos have opened yet and one successful bidder, the owners of Mount Airy Casino Resort in the Pocono Mountains, saw regulators reject their proposed mini-casino after acknowledging that they couldn’t finance the project.
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One mini-casino is being built near the city of Reading, along the Pennsylvania Turnpike, while two are sited in southcentral Pennsylvania and another is being built in Westmoreland County, in western Pennsylvania. All told, the state has reaped about $111 million in bids.
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With 12 casinos operating, Pennsylvania was the nation’s No. 2 state for commercial casino revenue, behind Nevada, at $3.4 billion in 2019, according to American Gaming Association figures. It was No. 1 in tax revenue from casino gambling last year at $1.5 billion.
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