Pennsylvania to Organize Satellite Casino Auction
Legal gambling is set to expand in Pennsylvania, with the state’s gaming regulator approving a satellite casino auction.
On Wednesday, members of the Pennsylvania Gaming Control Board (PGCB) voted in favor of the Category 4, recommencing the satellite casino auction.
Gambling operators who are interested in a license will be able to make a bid on September 4 at 10 a.m. before the PGCB meets again.
The minimum bid will be $7.5 million with the satellite set to run around 750 slot machines. In addition, the winning operator must set aside $2.5 million if it wants to operate as many as 30 table games.
Previously, the PGCB held auctions from January to April of last year, issuing five licenses.
According to the official announcement, the Category 1, 2 or 3 holders are allowed to participate in the auction as well, with 10 satellites being offered.
In 2017, the state enacted a law which permitted Category 4 properties, paving the way for satellite gambling venues in Pennsylvania.