Westmoreland County Will Host The Next Satellite Casino In Pennsylvania. The next Pennsylvania satellite casino will be in Westmoreland County. The decision to build a casino in the county comes after a successful bid. The bid takes place in Harrisburg. Pennsylvania Gaming Control Board (PGCB) gets four bids . But the acceptable offer goes to Stadium Casino with the bid of $40, 100, 005. Now that Westmoreland is on its way to being hosting a casino, there are many changes. Some of the facilities in the county that enjoy the monopoly will not. For instance, for a long time, Greensburg’s Palace is the only nightclub. Things will not be the same after a new resort is put up.
When Will THe Next Satellite Casino In Pennsylvania Open?
Pittsburg is home to two high-end casinos, Rivers and Meadows. Travis Lamb, the CFO of Stadium Casino says there is the need for another facility. “There’s demand for more gaming positions. There are demands at this point. The best thing is to have a profitable casino there,” Travis says. The southwestern part of Pennsylvania has one casino. The facility is about 70 miles south of Pittsburg. Lady Luck Casino that is in Woodlands Resort is a category three facility. With this category, the resort can only receive satisfied visitors.
The casino will deliver this money to PGCB?
Under the law, the facility welcomes only hotel guests access the floor. The other group is patrons who spend at least of $10 elsewhere. Now that the bid to build a satellite casino is over, the ball starts to roll. Stadium Casino has an ultimatum it has to fulfill. The casino has until Friday 4 pm ET to pay $40.1 million. The casino will deliver this money to PGCB. After that, Stadium Casino will be free to construct a casino. The most substantial number of slots the operator can put is 750. But it is at liberty to include up to 30 table games. If the operator decides to do so, it must pay an extra $2.5 million.
10 Satellite Casino Auctions
This is so far the second of 10 satellite casino auctions. The first one takes place on January 10. This bid goes to Penn National Gaming. The operator pays $50.1 million to the Gaming Control Board. In return, the operator has a chance to build a satellite casino. The operator is yet to make a casino. Currently, it is challenging specific legality issues in court. Pennsylvania General Assembly passes casino expansion bill last October. The law gives the state the right to build ten satellite casinos throughout the state.
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The Assembly and Governor Tom Wolf
The Assembly and Governor Tom Wolf assume that the ten casinos will bring in $100 million in fees. With only two bids out, the projection is almost over. The state is lacking below $10 million to hit the $100 forecast. There are eight more satellite casinos that are pending. Many casinos in Pittsburg enjoy booming business. Also, this is because a majority of the municipalities receive visitors.
Upon completion of the facilities, each casino will pay 54 percent of its yearly revenue to the state. Four percent of this will go to the host communities. With two auctions out, there is a question. Where will the next Pennsylvania satellite casino go to?
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