PA Sports Betting License Applications Keep Rolling In

The Pennsylvania Gaming Control Board received its sixth application for a sports betting license when the Valley Forge Casino Resort filed paperwork on Wednesday. Owned by Boyd Gaming, the sportsbook will be run by FanDuel, which also partnered with Boyd Gaming for “sports betting and online gaming opportunities across the United States,” in August. FanDuel also runs the sportsbooks at two Boyd Gaming facilities in Mississippi, the IP Casino Resort Spa in Biloxi, and Sam’s Town Hotel & Gambling Hall in Tunica.

The PGCB says there is no set timetable for approving the application. The board’s next regularly scheduled meeting is Nov. 28, which likely is too soon for the application to be considered. It’s more likely to be on the agenda for one of the December meeting dates.

Five casinos have already been approved for sports betting licenses in Pennsylvania, and in each of those cases, it took a minimum of 5 1/2 weeks between the date of application and board approval. None of the casinos have opened sportsbooks to date.

PGCB to Hold Hearings, Vote on Three More Sports Wagering Certificates Wednesday

The Pennsylvania Gaming Control Board will hear and vote on petitions for three sports wagering certificates at its regularly scheduled meeting on Wednesday. Should all three petitions be approved, the number of properties licensed to operate sportsbooks in Pennsylvania will increase to five.

At its Oct. 3 meeting, the board approved sports betting licenses for Mountainview Thoroughbred Racing, LLC, operator of the Hollywood Casino at Penn National Race Track, and Greenwood Gaming, operator of the Parx Casino and South Philadelphia Turf Club.

On Wednesday, it will consider applications from Chester Downs and Marina, LLC (Harrah’s Philadelphia Casino and Racetrack), Holdings Acquisitions Co., LP (Rivers Casino) and SugarHouse HSAP Gaming, LP (SugarHouse Casino). Pennsylvania has 13 sports betting certificates available — one for each licensed casino in the state — and to date, five have been claimed or applied for and eight remain. The application fee is $10 million and gross sports betting revenue is subject to a 36 percent tax (34 percent state, 2 percent local).

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Read more PGCB to Hold Hearings, Vote on Three More Sports Wagering Certificates Wednesday on SportsHandle.

PGCB Grants Hollywood, Parx Casinos PA Sports Betting Licenses

 

The Pennsylvania Gaming Control Board unanimously approved sports betting petitions for Mountainview Thoroughbred Racing (Hollywood Casino) and Greenwood Gaming (Parx Casino and South Philadelphia Turf Club) at its regular meeting Wednesday morning, paving the way for sports betting to go live in the state as early as November.

Greenwood Gaming, which owns the Parx Casino and the South Philadelphia Turf Club, is targeting November to roll out sports betting at its facilities while Mountainview representatives were less specific, and aiming for a rollout later this year.

The PGCB held hearings prior to voting and, in general, things went smoothly. Both companies reviewed their history and experience in sports betting and shared plans for what their sportsbooks will look like (more below). In addition, both groups discussed their desire to roll out mobile and internet sports betting sooner than later, though neither will do so for their initial launch.

 

Read more PGCB Grants Hollywood, Parx Casinos PA Sports Betting Licenses on SportsHandle.

Two More PA Sports Betting Petitions Filed; Hearings, Vote on Others Set Next Week

The state’s Gaming Control Board said Friday that it received two more applications from casinos for Pennsylvania sports betting licenses, bringing the total number to five. According to the PGCB, Donnelly Law, which represents the Sugarhouse Casino in Philadelphia and the Rivers Casino in Pittsburgh, filed petitions for licenses. Earlier this week, the Harrah’s filed a petition for a sports betting license for its facility in suburban Philadelphia.

The PGCB also confirmed that it will hold hearings and consider sports betting petitions for the Parx Casino and the Hollywood Casino at Penn National Race Course at its monthly meeting on Wednesday.

The next regular meeting is scheduled for Oct. 31. Whether or not any of the additional licensing petitions will be on the late October agenda has not been confirmed. The Parx Casino applied for a license for use at two locations — its Bensalem location and the Philadelphia Turf Club.

Read more Two More PA Sports Betting Petitions Filed; Hearings, Vote on Others Set Next Week on SportsHandle.

PGCB Agenda Likely to Include Two Sports Betting Applications

The post PGCB Agenda Likely to Include Two Sports Betting Applications appeared first on SportsHandle.

Two Pennsylvania casinos are poised to become the first to get approval for sports betting when the state’s Gaming Control Board meets on Oct. 3. The Hollywood Casino, owned by Penn National and operated by Mountainview Thoroughbred Racing LLC, and the Parx Casino, owned by Greenwood Racing, were the first to apply for sports betting licenses in Pennsylvania when they did so in August.

According to the PGCB’s Director of Communications, Doug Harbach, “it is highly likely that sports wagering petitions from both Penn National and Parx casinos will be up for consideration by the Board at its October 3rd meeting.” If the petitions are on the agenda, hearings will be held at the front end of the meeting.

Pennsylvania has 13 sports betting licenses available, one for each of the 13 casinos operating in the state. To date, 11 remain available, and the state will not auction off any that are not claimed. Pennsylvania approved sports betting nearly a year ago, but the state has not moved as swiftly as others to bring sports betting to market. The PGCB released its temporary regulations in August. The state’s legislature imposed a 36 percent tax (34 percent state and 2 percent local) on operators’ sports betting revenue and a $10 million application fee. Both are significantly higher than any other state that has legal sports betting. As examples, West Virginia has a 10 percent tax rate, New Jersey 8.5 percent and Nevada 6.75 percent.

Greenwood Gaming Second to Apply for PA Sports Betting License

The post Greenwood Gaming Second to Apply for PA Sports Betting License appeared first on SportsHandle.

Greenwood Gaming and Entertainment, Inc. is planning to get the most bang for its 10 million bucks.
 
The gaming operator on Friday became the second to apply for a sports betting license in Pennsylvania, where the licensing application is $10 million. The Pennsylvania Gaming Control Board made the application public on Monday.
 
 
Greenwood applied for the application for use at the Parx Casino in Bensalem, as well as the Philadelphia Turf Club, as an auxiliary location. Greenwood’s application follows the Aug. 17 application submitted by Penn National for the Hollywood Casino at Penn National Race Course.
 

Greenwood Gaming Plans to Offer Land-Based, Mobile and Interactive Sports Betting in Pennsylvania, if Its Application Is Approved.

Pennsylvania has the highest licensing fee in the nation, along with a 36 percent tax rate (34 percent state, 2 percent local) for sports betting. The state legalized sports betting in the fall of 2017 and it took nearly 10 months for the first operator to apply for a license. Pennsylvania has 13 sports betting licenses available, one each for every commercial casino currently operating in the state.
 
parx casinos pa sports betting online betting partnership
 
In its petition, Greenwood states that it already pays the state $250 million in taxes annually from other gaming ventures and that it intends to offer land-based, mobile and interactive sports betting. The company also states that is will offer any and all sports betting allowed by the state. Who will provide integrity and risk management for Greenwood Entertainment is redacted from the public version of the application.
 
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Greenwood Gaming Second to Apply for PA Sports Betting License

Pennsylvania’s Parx Casino And GAN Announce Sports Betting Partnership

The post Pennsylvania’s Parx Casino And GAN Announce Sports Betting Partnership appeared first on SportsHandle.

GAN, a major British-based supplier of enterprise-level B2B Internet gaming software, services and online gaming content today announced a formal deal with Parx Casino, owned by Greenwood Gaming & Entertainment, Inc., to offer Pennsylvania sports betting in both the retail and online markets in the Commonwealth of Pennsylvania.

Parx Casino, located in Bensalem about 20 miles northeast of Philadelphia, had previously filed a petition with the Pennsylvania Gaming Control Board (PGCB) confirming its intention to launch Internet gaming online in the state, identifying GAN as their wagering software platform provider.

GAN says it will receive a portion of the sports betting revenues generated both within the casino and online. Sports wagering is expected to arrive in Pennsylvania this year, but potential local operators are balking at the $10 million licensing fee and 36 percent tax rate that’s currently in place.

Pennsylvania Sports Betting Still Awaiting Final Regulations Amid Prohibitive Tax and Licensure Plan, But Parx Casino Takes Steps With An Eye Toward Future

pa online sports betting parx gan legal betting

Sports betting statewide could generate in excess of $100 million in gross win, according to some estimates, in the first 12 months alone. Sports betting online via the Internet is forecast to add an additional $189 million in the same period.

John Dixon, CTO of Greenwood Gaming & Entertainment, Inc. said,

“GAN has ably demonstrated it abilities with both its overall platform and its integration capability for existing major clients. By leveraging GAN’s platform, Parx Casino will have the opportunity to launch retail and online regulated sports betting together with online gaming in Pennsylvania later this year, subject to the regulatory approval of the PGCB.”

[Also See:  Pennsylvania Sports Betting Game of Chicken Continues]

GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN.

GAN has fourteen (14) casino operators as clients of simulated gaming platform in the US and internationally, including two clients of real money regulated gaming in New Jersey.

Last week GAN announced its mobile sport wagering platform would be used for New Jersey sports betting by the FanDuel Group, current operators of the sports book at The Meadowlands in New Jersey, when the group obtains approval for its  platform from the New Jersey Division of Gaming Enforcement. 

The FanDuel Sportsbook is currently using IGT software for over-the-counter sports betting. GAN says, as in Pennsylvania, it will share in incremental sports betting revenues for online betting at The Meadowlands.

The post Pennsylvania’s Parx Casino And GAN Announce Sports Betting Partnership appeared first on SportsHandle.