Pennsylvania to allow “satellite” casino licences
The Pennsylvania Gaming Control Board has decided to grant new “satellite” casino licences to allow operators to expand in the state.
US.- The Pennsylvania Gaming Control Board (PGCB) will grant four licences to existing operators to open “satellite” casinos in the state.
The regulator has scheduled an auction for September to allow current licence-holders to bid for the new licences. The satellite, or “category 4” casinos will be smaller locations with up to 40 tables and a maximum of 750 slots.
Four licences will be issued in a move designed to allow the state to collect more tax revenue following the impact the Covid-19 crisis.
The PGCB said in a statement: “Entities eligible to participate in the auction are any Pennsylvania slot machine licensee as well as a person with an ownership interest in a slot machine license.
“At the auction, the bidders must submit a Category 4 reserved location, which will be a fixed coordinate (center point) surrounded by a 15-mile radius, resulting in a 30-mile circle. The geographic center point must be part of the bid submitted at the auction. Additionally, the reserve location circle may not be located within 40 linear miles any existing or planned Category 1, 2, 3 or 4 licensed facility or a previously established Category 4 reserve location.”
