The latest happenings around the mini-casino license auctions continue to provide food for thought in the state of Pennsylvania, as the future fourth satellite gambling venue was left without management. As it became clear this Thursday, the new location where it is suitable to be constructed is Cumberland County in the central part of the state.
It could be recalled that this Wednesday took a turn for the worse for one of the bidders who expressed its desire to manage the fourth casino venue. While the auction was in progress a couple of gambling operators made their bids to become the next developer in the area of Mercer County, but the one that proposed the largest amount of money was Sands Bethworks Gaming LLC. The said bid reached $9.8 million and the casino operator picked the location of Hempfield Township in order to build its new satellite gambling facility.
However, this location seemed to be in violation of the rules of the casino license auction, as it crossed over to another chosen location for construction. The said area had previously been secured by the winning proposal made from Mount Airy to build a mini casino in Lawrence County. As it could be recalled this was the third successful bid for mini-casino. At the beginning of February, the bidder filing in the largest proposed amount of money for construction was the management of the Mount Airy Casino Resort in the Pocono Mountains.
Who is the Chosen Casino Developer?
Pennsylvania Gaming Control Board made it public that shortly after the announcement, it received a bid from Greenwood Gaming and Entertainment Inc. The gambling operator proposed a total of $8.1 million for the building of a new satellite facility and clarified that the chosen area is in e 15-mile radius of South Newton Township.
As it was later confirmed, this location does not interfere with the construction plans of the previous three casino developers and does not trespass on the 25-mile exclusive zone of another proposed mini-casino.
It should also take into consideration the already existing larger gambling locations, as to prevent customer relocation. The bidder who was granted the permission to build its own mini-casino location oversees the operation of Parx Casino situated in suburban Philadelphia, Bucks County and it was the only other participant in the auction which took place this week. In addition to its future construction of the said mini-casino location, the gambling operator has recently made it public that it has entered a collaboration deal with Maryland-based Cordish Companies.
According to the terms of that partnership, the casino developer proposed as much as $40.1 million for the building of a satellite gambling venue in Westmoreland County, which was the second of the ten locations which will receive Category 4 casino licenses. The joint venture between Greenwood Gaming & Entertainment and The Cordish Cos., called Stadium Casino LLC, is the bidder who won the right to add a satellite casino in the second-most populous region of the state of Pennsylvania.
