{"id":1606,"date":"2020-09-04T10:04:04","date_gmt":"2020-09-04T10:04:04","guid":{"rendered":"https:\/\/www.casinousa.com\/?p=1606"},"modified":"2020-09-04T10:04:04","modified_gmt":"2020-09-04T10:04:04","slug":"pennsylvania-takes-second-shot-at-auctioning-mini-casino-license","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/pennsylvania-takes-second-shot-at-auctioning-mini-casino-license","title":{"rendered":"Pennsylvania Takes Second Shot at Auctioning Mini-Casino License"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/05\/pennsylvania.jpg\" alt=\"Pennsylvania\" title=\"Pennsylvania Takes Second Shot at Auctioning Mini-Casino License\" width=\"300\" class=\"alignleft size-full wp-image-703\" \/>Despite failing to secure any bidders for mini-casino licenses in 2019, the <a href=\"https:\/\/www.casinousa.com\/states\/pennsylvania\">state of Pennsylvania<\/a> is once again going to auction a mini-casino license this year, with a minimum bid of $7.5 million. <\/p>\n<p>Industry analysts believe that this new offering will be a much bigger hit among operators looking to build a satellite gaming outlet.<\/p>\n<p>The <strong>Pennsylvania Gaming Control Board<\/strong> (PGCB) confirmed this week that it be receiving bids to open a Category 4 mini-casino. <\/p>\n<p>No mini-casinos have been built in Pennsylvania, despite the awarding of mini-casino licenses to five bidders in 2018 after <a href=\"https:\/\/www.casinousa.com\/news\/cities-in-pennsylvania-will-have-to-vote-soon-to-allow-or-ban-mini-casinos\">voters voted to allow Mini Casinos in 2017<\/a>.<\/p>\n<p><strong>wgaltv<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/P98k61wlnus?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<br \/>\nNew auction rules signed by <strong>Gov. Tom Wolf<\/strong> in May 2020 are expected to bring more bidders this time around. The rules allow any principal investor in Pennsylvania\u2019s 13 licensed casinos to bid on the license.<\/p>\n<p>A number of casino operators have already signaled their interest for the mini-casino license. <\/p>\n<p>Cordish Cos., the entertainment and real estate firm based out of Baltimore, has expressed their willingness to bid for the new license. Cordish Cos. is currently building a casino-hotel on Packer Avenue, alongside Philadelphia\u2019s sports stadiums. <\/p>\n<p>Cordish Cos. did not mention where they want to set up this new mini=casino should they succeed in the bidding process. Many areas of Pennsylvania are excluded from consideration due to the state\u2019s 40-mile buffers around existing casinos. <\/p>\n<p>Potential competitors to Cordish Cos. include <strong>Ira M. Lubert<\/strong>, the former owner of the Valley Forge Casino Resort, located in King of Prussia. The property was sold by Lubert in 2018 for $280 million to the Boyd Gaming Corp. of Nevada. Lubert is currently a principal in Valley Forge, and owns a 3% stake in Rivers Casino Pittsburgh. He will therefore be eligible to bid. <\/p>\n<h2 id=\"no-mini-casinos-open-in-pennsylvania\">No Mini-Casinos Open in Pennsylvania<\/h2>\n<p>Category 4 casino licenses are specific to Pennsylvania. These mini-casinos can include up to 750 slot machines and 40 gaming tables, a far cry from the 3,200 slot machines and 198 gaming tables available at the state\u2019s largest casino which is the Parx Casino in Bensalem. <\/p>\n<p>To date, none of the five firms who won a category 4 license in the 2018 bidding process have opened a mini-casino to the public. <\/p>\n<p><strong>Mount Airy Casino Resort<\/strong> was unable to secure their license due to financial issues. Penn National Gaming\u2019s two mini-casino venues in York and Berks counties are presently stalled due to the COVID-19 pandemic. The Parx Casino mini-casino in Shippensburg is still eyeing a new location after finding the initial site had sinkholes. <a href=\"https:\/\/www.casinousa.com\/news\/playlive-online-casino-set-to-launch-in-pennsylvania-before-end-of-2020\">The Live! Casino Pittsburgh<\/a> mini-casino on Cordish is scheduled to open in late-2020. <\/p>\n","protected":false},"excerpt":{"rendered":"Despite failing to secure any bidders for mini-casino licenses in 2019, the state of Pennsylvania is once again going to auction a mini-casino license this year, with a minimum bid of $7.5 million. Industry analysts believe that this new offering will be a much bigger hit among operators looking to build a satellite gaming outlet. [&hellip;]","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-1606","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pennsylvania Takes Second Shot at Auctioning Mini-Casino License<\/title>\n<meta name=\"description\" content=\"Despite failing to secure any bidders for mini-casino licenses in 2019, the state of Pennsylvania is once again going to auction a mini-casino license this year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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