PA Gaming Act paves way for new casino and online gaming license

Tipping the scales at no less than 900 pages, the new gaming law in Pennsylvania had a lot to unpack.

Online gambling and lottery, daily fantasy sportsfor satellite casinosfor video game terminals truck stops, tablet games airportsPennsylvania’s new law represents one of the greatest gambling expansions in modern history.

The bill is so sweeping that some of its impacts are only beginning to come to light.

The latest example: Le Live! Philadelphia Hotel and Casino, Premier approved in 2014 but blocked by legal proceedings, is now allowed to build thanks to the provisions of the Gaming Act.

Pennsylvania’s new gaming law paved the way

Two provisions of the new law put an end to Sugar House Casino‘s (belonging to Rush Street Gaming) trial in progress. A Pennsylvania Gaming Control Board The spokesperson told the AP, “The agency considers the matter closed and the casino cleared for construction.”

By the PA:

“A gambling expansion bill signed Monday by Gov. Tom Wolf repeals a 2004 provision limiting casino ownership, a key part of the SugarHouse lawsuit. Another provision punishes casino entities with lawsuits active.

Live! The Philadelphia hotel and casino will be owned and operated by Cordial company and Greenwood Race. The latter has Parx Casinowhich, as the AP notes, was a key part of the SugarHouse lawsuit.

SugarHouse’s argument ended with the repeal of proprietary language, with the possibility of being punished for pursuing an active lawsuit ensuring the casino would drop compliance.

With the green light from the casino, the state will receive a $50 million bargain when Philly Live! submits a check for the location license.

According to the Associated Press, that could happen later this month.

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Implications of PA Online Gambling

Due to the way Pennsylvania’s online gambling law is structured, with a slots, table games, and poker license available to every slots licensee in the state , as soon as Philly Live! pays its slot license fees, the number of online gambling licenses in Pennsylvania will increase.

Chances are that the new casino will apply for the license.

Due to its presence in several states, Cordish Company was already on online poker report‘s radar for online gambling. In addition to its Philadelphia casino project, the company operates the Maryland Live! Casino And two Seminole Hard Rock Casinos in Floridaas well as certain non-gambling assets in Pennsylvania and New Jersey:

  • Atlantic City Stores (Atlantic City)
  • The Boardwalk (Atlantic City)
  • Xfinity Live! (Philadelphia Cream)

With its Philadelphia casino back on track, its partnership with the owners of Parx, and the legalization of online gambling in PA, Cordish is likely to jump at the chance to offer iGaming.

Moreover, if a interstate agreement is reached between Pennsylvania and New Jersey, Cordish might be even more inclined to follow in the shoes of rival SugarHouse and partner with an Atlantic City casino.