Auction for new Pennsylvania mini-casino licenses goes begging

Andrew Maykuth | Wednesday, September 4, 2019, Philadelphia Inquirer

When presented with a long-shot bet, Pennsylvania’s casinos apparently know what to do with their money.

At a legislatively-mandated auction for a new mini-casino license on Wednesday, none of the state’s 13 casinos stepped forward to pay a minimum of $7.5 million for a satellite gambling outlet, also known as a Category 4 casino.

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Pennsylvania’s big budget gamble is paying off so far with high bids for two mini-casinos

Charles Thompson | Wednesday, January 24, 2018, Harrisburg Patriot News

State officials who banked on gambling expansion to balance the state’s deficit-ridden budget are riding a hot hand so far when it comes to the new concept of satellite casinos.

With a winning bid of $40.1 million secured Wednesday from Stadium Casino LLC for a casino in Westmoreland County, officials have now raised $90.2 million from just the first two of 10 potential licenses.

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Pennsylvania to auction off casino licenses

Rich Cholodofsky | Thursday, December 14, 2017, Pittsburgh Tribune Review

The first of 10 satellite casino licenses to be built in Pennsylvania will be auctioned off next month.

The Pennsylvania Gaming Control Board has announced a series of nine dates throughout the first half of 2018 in which it will receive sealed bids to purchase licenses for facilities to operate casinos with up to 750 slot machines and eventually as many as 40 table games.

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