PA Casinos Not On Board With Internet Gambling

Written by:
Guest
Published on:
Jun/05/2017

On the surface at least it appeared as if Pennsylvania would be the next state in the US to legalize online gambling.  But don’t tell this to the land-based casinos that would hold the licensing rights to operate said virtual gaming sites.

The Morning Call of Allentown, PA featured a piece Monday morning questioning what benefits, if any, would come to the likes of PA’s biggest land-based casino property, Bethlehem Sands. 

Several casinos said the gambling expansion bill is a nonstarter, largely because its 54 percent tax rate on most of the proposed internet gambling is too high for them to make money. So they're not willing to buy the $5 million licenses that would make up the bulk of the new revenue. If the casinos would bite, legislators estimate the bill could generate as much as $146.6 million for the 2017-18 budget. That would go a long way toward filling a projected $3 billion deficit in the next fiscal year, which begins in July.  But if no casinos buy in, it would leave a shortfall of up to $120 million in the Senate's projections.

Eric Schippers, spokesman for Hollywood Casino at Penn National Race Course in Dauphin County, also expressed concerns that more than 80 percent of the projected revenue would come from Internet gaming licenses that casinos aren't interested in.

"If this bill passes as is, you're going to hear crickets, because no casino is going to buy a license," Schippers said. "It's 24-hour liquor sales all over again."

- Aaron Goldstein, Gambling911.com

Gambling News

Former Fugitive Linked to 1995 Gambling Murders Finally Convicted

Former Fugitive Linked to 1995 Gambling Murders Finally Convicted

A fugitive who was finally captured and arrested after being on the run for 16 years has now been charged with first-degree murder.

Court Reinstates Convicted Mobster's 40-Year Sentence

Court Reinstates Convicted Mobster's 40-Year Sentence

The Second Circuit Court of Appeals ruled Thursday that U.S. District Judge Edward Korman overstepped his authority when he reduced sentence

FA ends deals with gambling firms including Ladbrokes

FA ends deals with gambling firms including Ladbrokes

The Football Association has ended all sponsorship deals with betting firms following a three-month review process.

Gambling Market in APAC 2017-2021: Top Drivers and Forecasts

Gambling Market in APAC 2017-2021: Top Drivers and Forecasts

Technavio market research analysts forecast the gambling market in APAC to grow at a CAGR of more than 7% during the forecast period, according to their latest report.

11 Advantages of using Real Bookies Pay Per head Bookie Software

11 Advantages of using Real Bookies Pay Per head Bookie Software

Being a local bookie or an online bookmaker has so many challenges that sometimes make it a frustrating job. Online Per Head Service such as Real Bookies lessen that burden and make being an agent -- FUN AGAIN.

Syndicate