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.