The first five auctions raised $127 million. Wednesday’s auction was the gaming board’s second unsuccessful attempt to auction a sixth license, and there are to be no further auctions under current law.
Sent!
A link has been sent to your friend's email address.
HARRISBURG — Lack of interest has thwarted Pennsylvania’s latest casino expansion attempt.
The Pennsylvania Gaming Control Board on Wednesday received no bidders for a casino license auction ordered by lawmakers as part of an aggressive gambling expansion launched by a cash-hungry state government.
Pennsylvania is already the nation’s No. 1 state in tax revenue from casino gambling. But lawmakers in 2017 authorized the auction of 10 mini-casino licenses to help plug a budget hole.
The first five auctions raised $127 million. Wednesday’s auction was the gaming board’s second unsuccessful attempt to auction a sixth license, and there are to be no further auctions under current law.
The auction was limited to owners of Pennsylvania’s full-size casinos. Minimum bids were set at $7.5 million and potential locations were limited to parts of northern and central Pennsylvania.
Read or Share this story: https://www.yorkdispatch.com/story/news/2019/09/04/no-bidders-wanted-state-mini-casino-license/2209466001/
Join the Conversation
To find out more about Facebook commenting please read the Conversation Guidelines and FAQs
Comments
This conversation is moderated according to USA TODAY's community rules. Please read the rules before joining the discussion.