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Penn National Wins Second PA Mini Casino Location

Source:sites edit:casino time:2018-04-05

Penn National, parent company of Grantville-based Hollywood Casino near Harrisburg, won the right to choose its second Pennsylvania Category 4 Casino location within the Keystone State Wednesday after submitting a near-minimum bid of $7,500,003 to the Pennsylvania Gaming Control Board.

West Cocalico Township in northern Lancaster County (pictured) was chosen as the latest mini casino center point. The municipality of roughly 8,000 residents is about an hour due east of Pennsylvania’s capital, and is situated along Interstate 76 westbound from Philadelphia to Harrisburg.

With the bid, Penn National secures another defensive barrier to protect its main Hollywood property from potential market cannibalization. Meanwhile, the state has officially generated over $127 million in total mini casino license revenue so far this year.

Penn National’s first satellite location near Yoe (York County) was awarded on January 10th, when the land-based casino conglomerate submitted an astronomical bid of $50.1 million.

Penn National Bid Makes Mini Casino Map Clearer

Half of the 10 potential Pennsylvania mini casino license locations have now been reserved as of Wednesday, April 4th. Not surprisingly, all designated “center points” are within convenient driving distance of a major Pennsylvania city and/or another state’s border.

West Cocalico Township Penn National

Penn National – Yoe, York County – $50.1 million (January 10th)
Stadium Casino – Derry, Westmoreland County – $40.1 million (January 24th)
Mount Airy – New Castle, Lawrence County – $21.2 million (February 8th)
Parx Casino – South Newton, Cumberland County – $8.1 million (February 22nd)
Penn National – West Cocalico Township — $7.5 million (April 4th)

Waning Interest in PA Mini Casino Licenses

Wednesday’s “Subsequent Auction” failed to attract bids from existing Category 3 license holders Valley Forge and Lady Luck Nemacolin, who are now eligible to enter the blind-auction process.

With half of the licenses still up for grabs, the PGCB will soon determine which Qualified Entities will be able to participate in “Additional Auctions” (assuming there are zero bidders in the next scheduled “Subsequent” bidding process later this month).

This could result in several gambling interests outside of the Keystone State gaining access to the Pennsylvania land-based market through a satellite casino location, which can house as many as 750 slot machine terminals and 30 table games during its first year of existence.

Attention Shifts to Pennsylvania Online Lottery and iGaming

Although the ongoing “Subsequent Auction” process is big news for the Keystone State gambling industry, the Board’s attention is now honing-in on the anticipated launch of its state-sponsored online lottery along with real money iGaming options — which include online poker.

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