Pennsylvania approves budget
Pennsylvania’s governor approved the planned budget leading to a potential gaming expansion in the market.
US.- The US$32 billion budget was approved in Pennsylvania although the state is not capable to accomplish the expectations under current conditions. Pennsylvania Governor Tom Wolf revealed last night that the budget will become law, as legislators will have to approve several amendments to face the economic plan. Even if the governor approved the measure without actually signing, the state rejected one proposal to add 40k video gambling devices around the state.
This fiscal year’s budget generated great controversy due to the necessity of expanding the gaming industry in order for it to be achievable. State legislators would now discuss the approval of several gaming projects to reach the US$700 million the local market needs to end the cash shortfall.
“In the coming days, it is my hope that the General Assembly will come together to pass a responsible solution to balance our books,” commented Governor Wolf to the Morning Call newspaper. “There are many options available to balance the budget in the long-term, like those I presented earlier this year. Our creditors and the people of Pennsylvania understand a responsible resolution must take real and necessary steps to improve Pennsylvania’s fiscal future.”
Among gaming proposals, Pennsylvania could expand its industry with satellite casinos – which would be operated by current licensed operators, as well as daily fantasy sports and online gaming platforms. Furthermore, the state could also grant gaming licenses to hotel, bar, restaurant, truck stop and fraternal club operators. iGaming services would also be available at international airports, whilst new land-based casinos could be constructed.
