Pennsylvania sold out licenses for small casinos

Pennsylvania sold out licenses for small casinos

Three compact casino licenses are implemented by the Pennsylvania gambling regulator. Permits were put up for auctions. The event brought in over $ 111 million to the initiator of the auction.

Mount Airy Casino got the latest license, opening the way to the organization of mini-casinos, a few days ago - the operator paid $ 21 million for the permit. Three applicants contested the right to organize a compact gambling site in Pennsylvania.

Commenting on the auction, Mount Airy management told the press that the mini-casino concept envisages the construction of a facility equipped with at least three hundred slot machines. With a solid financial return, it is planned to double gambling devices. The maximum number of machines, laid down by the designers, reaches 750 units. It is easier with gambling tables: there will be 30 of them. An eini-casino will be built in New Castle. The matter has been cleared by the Lawrence County authorities.

Journalists, commenting on the auction struggle, emphasize: the first license, awarded a month ago, turned out to be the most expensive. The winner was Penn National Gaming, who shelled out $ 50 million. PNG management is not saddened by the solidity of the amount - strategic considerations, promising an increase in the economic performance of the rest of the portfolio of casino assets, are worth the capital invested in the license, the operator said.

A couple of weeks ago, as the Pennsylvania editions remind, a second license was raffled off. The winner was the operator Stadium Gaming, which staked out a permit for $ 40 million. The dwindling passions, officials say, still brought the gambling regulator over $ 110 million.

Author: Ivanov Harlam Ivanov Harlam | Last update: 13.02.2018

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