Pennsylvania State Lottery Sets Annual Revenue Record
The 2017-2018 fiscal year turned out to be another jackpot-hitting year for the Pennsylvania Lottery, having set new records for both prize pay-outs and ticket sales. Maintaining a top spot among the United States’ highest grossing gaming entities, the Pennsylvania Lottery sold more than $4.2 billion in tickets, the highest since the $41 billion that it brought in previously during the 2015-2016 fiscal year. According to the lottery’s...
Mount Airy to Build Mini-Casino in Beaver County Next Year
Pennsylvania’s Beaver County might have just hit the jackpot. Monroe County-based Mount Airy Casino has recently purchased over 100 acres of land near the Pennsylvania Turnpike and Interstate 376 where it is reportedly going to build a mini-casino and entertainment complex in Big Beaver. Mount Airy Pittsburgh, the casino, is expected to go live in late 2019 bringing with it hundreds of jobs and potentially millions in gambling tax...
GAN, Parx Casino Partner for Sports Betting
Pennsylvania’s Parx Casino and online gaming software developer and provider, GAN have recently announced that they have inked a multi-year deal to offer sports betting both at the land-based casinos and online. Officials from both companies issued the statement of the partnership jointly say that they have “executed a material contract to offer sports betting in both the retail and online channels in the Commonwealth of...
MGM Partners with Boyd Gaming, Eyes Pa. Gambling Market
MGM Resorts International has been previously unsuccessful in its quest to enter into the Pennsylvania gambling industry. About a year ago, MGM Resort’s deal to buy Sands Casino Resort Bethlehem fell apart after then owner, Las Vegas Sands, found another suitor. However, MGM did not let go of its desires to be part of the gambling market in the state Now, the operator’s efforts have finally borne some fruit thanks to a recent...
Pennsylvania Sports Betting Hawk-Dove Game Continues
None of Pennsylvania’s properties that are eligible for sports betting licenses have forwarded their applications to the Pennsylvania Gaming Control Board (PGCB), the state regulator. Just like many other holdouts, the reason is a financial dispute between the stakeholders. The rollout of the Keystone State’s sports betting industry remains almost stagnant despite the fact that the law that permitted sports wagering in the case that...
Penn National Lacing Up for Pa. Online Gambling
During a presentation that covered Penn National Gaming’s Q2 results for 2018, Timothy J. Wilmott, its chief executive officer, confirmed that its online gambling operation in Pennsylvania will go live in early 2019. Penn National operates Hollywood Casino, one of the nine Pennsylvania casinos that forwarded their applications for the discounted $10 million interactive gaming licenses that will be covering online slot machines, online...
