It has been a little over a year since the Pennsylvania Gaming Control Board signed into law a bill that sort to expand gambling in all parts of the state. However, most of the highly anticipated operations including sports betting and online gambling are yet to go live, but that will soon change.
During its Wednesday, October 1 hearing, the Pennsylvania Gaming Control Board approved interactive gaming licenses for two more casinos – Stadium Casino and Presque Isle – which brings the total number of casinos that have been approved for online gambling in the state to nine. Both Presque Isle and Stadium Casino will be able to offer online slots and table games. Unfortunately, neither of the two were interested in offering online poker, something that will certainly be a huge disappointment to a number of online poker fans.
Churchill Downs to Acquire Presque Isle
When it submitted its application for the online gaming license, Presque Isles told the gaming control board that Churchill Downs, which is to acquire the property, would be its online gaming supplier. This would be a great advantage for Presque Isles since it will be able to leverage Churchill Downs’ decade-long worth of experience in online and mobile horse racing betting.
“Presque Isle Downs anticipates that this transaction will close very soon, and in furtherance of their joint agreement, Presque Isle Downs is relying on Churchill Downs as its partner for the iGaming platform and operations,” the casino’s executives said during the Wednesday hearing.
Stadium Casino Still in a Shaky Spot
As it turns out, Stadium Casino has plans to abandon its land-based casino plans – the possibility of a sale of their casino license in Philadelphia has been floated around due to some unclear ‘ownership issues.’ The casino’s officials came with no presentation during the October 31 hearing and did not provide any clarity about their current situation. All that the casino operator’s officials said was that the company was in a ‘bit of a pickle’ and that there was a possibility that it would relinquish the peer-to-peer online poker license that it acquired as part of the original $10 million interactive gaming license package.
MGM and Golden Nugget Want In
The Keystone State seems to have finally hit the saturation point as far as online gambling licenses are concerned. This comes after Golden Nugget and MGM Resorts applied for the state’s leftover interactive gaming licenses.
MGM Resorts which currently owns and operates Atlantic City-based Borgata Hotel & Casino applied for three licenses to operate online poker, slots and table games. Golden Nugget Casino, on the other hand, applied for licenses to offer online slots and table games but chose to leave out online poker in its plans.