Location: > Slot Machines > text

Pennsylvania widens bidding in new casino license auction

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

News

Pennsylvania widens bidding in new casino license auction Written by Marc Levy/Associated Press | Apr 4, 2018 9:40 AM

slot_machines_expansion.jpg

FILE PHOTO: In this May 24, 2012 file photo, patrons play the slot machines at Harrah's Casino in Chester. (AP Photo/Alex Brandon)

(Harrisburg) -- Pennsylvania is widening the bidding pool for the fifth mini-casino license authorized by lawmakers to scrape up cash for the state's tattered finances.

This morning's scheduled auction comes a month after owners of Pennsylvania's most expansive casino licenses didn't bid on the license. Minimum bids are $7.5 million and, under the state law, owners of all casino licenses in Pennsylvania and winners of the first four auction rounds can bid.

The first four rounds raised $120 million.

Each mini-casino can have 750 slot machines and 30 table games.

With 17 licenses and 12 casinos operating, Pennsylvania is the nation's No. 2 state for commercial casino gross revenues, second to Nevada. At $1.4 billion, it already rakes in more tax revenue from casino gambling than any other state.

Published in News

Tagged under , , , , , , , , ,

You may also be interested in...

, borgata casino , ameristar casino , casino money , free gambling slot games , free online casino slot machines , real casino games real money online , online casino games , baccarat , best gambling games , fruit machine
Classification

Casino websites wishes you to enjoy online casino responsibly.

Never play online casino with money you can't afford to lose and be aware of the fact that gambling is not a way of earning money.

Gambling may cause pathological addiction if it is not enjoyed in moderation.

If you feel like you have to limit your gambling behavior, contact Gamcare for professional help.

map
Top