Pennsylvania to auction off casino licenses
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.
Experts in the casino industry have suggested that Westmoreland County could be a prime location for one of the smaller casinos up for bid.
The first licenses will be auctioned off Jan. 10 in Harrisburg. Sealed proposals that contain bids for the licenses and locations will be opened.
Winning bidders will have until the end of the next business day to pay the license price posted in the auction. They then will have six months to submit an license application for the slots facility.
Owners of the state’s 10 existing large casinos will be able to bid for satellite licenses.