Here’s What We Know About Philadelphia’s Newest Casino!

New Philadelphia Casino

Pennsylvania is now home to one of the largest gambling industries in the United States. Here, a huge number of world-class casinos are currently up and running. Today, we’re going to talk about the details surrounding Philadelphia’s newest casino.

Many were surprised to see this gambling venue opening its doors. It comes at a difficult time for the entire US gambling industry. Hope is that this property helps to boost gaming revenue in the state of Pennsylvania.

Let’s get into it!

Pennsylvania’s Gambling Industry Continues to Expand

Just a couple of decades ago, Nevada was thought to be one of the only major gambling hubs in the United States. Things have changed in a big way since that time. Today, nearly every state in the country has at least some kind of gambling industry up and running.

Pennsylvania has recently begun to expand its number of gaming options. Perhaps the biggest move came after the US Supreme Court struck down PASPA in May of 2018. Immediately after this decision, Pennsylvania formally legalized sports betting.

Here, both land-based and online sports betting is available. This industry is now helping to bring the state of Pennsylvania an incredible amount of money every single month. More of the world’s biggest sports betting companies are now working hard to break into the state’s market.

The casino industry here has been expanding recently, too. There are now 14 traditional casinos operating in the state. Pennsylvania also operates a huge number of popular mini-casinos. More are slated to open their doors over the next few years.

2020 proved to be an extremely difficult year for the casino industry in Pennsylvania. Of course, gambling companies benefited from the ability to offer casino games online. Hopefully, 2021 proves to be a more successful year for the industry.

For years, news has been surfacing about a new gambling venue opening its doors in the city of Pennsylvania. This week, this casino will finally open to the public.

Looking at the Details of Philadelphia’s Newest Casino

Prior to 2020, gambling revenue in Pennsylvania was rising steadily. The casinos here were proving to be hugely successful and many companies were pushing to open new properties here. Many of these companies have wanted to open one of these venues in the city of Philadelphia.

That includes Cordish Gaming, one of the largest gambling companies on the East Coast. Cordish Gaming owns and operates several popular casinos around this area of the country. Recently, this company has been constructing the Live! Casino and Hotel Philadelphia.

On Saturday, this exciting new property is finally set to open its doors. This $700 million casino is located in Philadelphia’s Stadium District and will hold several open sessions for those making reservations. It’s a sort of test for the owners to see how the casino operates.

Beginning on February 11, this property will officially open to the public. Reservations will not be needed at that time. That gives residents in the city the option to play any of the casino’s 2,100 slot machines and 121 table games.

Joseph Weinberg, chief executive officer of Cordish Gaming, spoke about his excitement in opening this property this week. He claims it will help to significantly boost gaming revenue throughout the state.

“We have the ability to not only attract people from Pennsylvania and New Jersey but from a much wider market area,” Weinberg said. “This is the only place in the country where you have a major resort casino and four major-league sports teams all in one location, so we think this will really attract people from all over the country to come for sports entertainment and gaming.”

Obviously, there are intense safety regulations set inside this casino. Many hope that with effective vaccine distribution, the casinos here will see their visitation rates increase. Stay tuned for more revenue updates over the next few months.

New Jersey Looks to Increase Casino Revenue This Year

Pennsylvania is now known for having a large, successful casino industry. It pales in comparison to the one over in New Jersey, though. Atlantic City is home to some of the country’s biggest casino-resorts.

Like all other major casino hubs, Atlantic City struggled immensely in 2020. Tourism rates here dropped throughout the year. For several months, all of the casinos in this city were completely shut down. Many are now hopeful that 2021 brings about a major change.

Casinos here are doing everything they can to see this change. Many have recently begun offering new, exciting deals to guests. There have also been a large number of new entertainment options becoming available in Atlantic City.

It’s extremely difficult to predict how things will look here this year. As we mentioned earlier, vaccine distribution could help to promote travel around the country. Many are still unlikely to want to visit a crowded casino, though.

It might be years before the casinos here see pre-pandemic levels of revenue. Fortunately, the sports betting industry here is helping to make up for the losses. New Jersey has been seeing consistent sports betting revenue increases for the past few months.

Many analysts are excited to see how things turn out here. Do you plan to visit Philadelphia’s newest casino? Let us know in the comments section below!

Pennsylvania’s Casino Industry is Finally Reopening

Pennsylvania Casinos

The state of Pennsylvania is home to a huge number of casinos. In early December, state officials ordered all casinos to temporarily close their doors. After weeks of being shut down, Pennsylvania’s casino industry is now finally up and running again.

No one knows the impact that these shutdowns will have on this industry in the long-term. Hope is that things bounce back quickly. Now is the perfect time to talk about how casinos in Pennsylvania might fare over the next few months.

Let’s get into it!

Sports Betting Continues to be Profitable for Pennsylvania

Since May of 2018, every single state has been able to set its own laws on sports betting. 26 states have now chosen to regulate this popular form of gambling. Specific regulations towards sports betting differ from state to state.

Most areas of the country are seeing a massive amount of revenue come in from this industry. That seems to be mostly true for the states with regulated internet sports betting platforms. Places like New Jersey are seeing hundreds of millions wagered on sports online every single month.

Lawmakers in Pennsylvania legalized sports gambling almost immediately after PASPA was struck down. The first legal sports wager was placed here in November of 2018. It’s proving to be a very profitable industry for the state each month.

This past November, Pennsylvania saw a total of $492 million in sports betting handle. That was a large drop from the $525 million in sports betting handle seen in October. The state is still seeing significantly more money come in from its sports gambling platforms than many other states in the area.

The casino industry in Pennsylvania isn’t faring quite as well. In fact, lawmakers have been ordering all commercial casinos here to close their doors for the past few weeks. Today, that mass casino shutdown finally came to an end.

Here’s what casino fans in the state can expect.

Pennsylvania’s Casino Industry is Set to Reopen Today

Pennsylvania, like many of the other states in the north-east area of the country, is home to a large and successful casino industry. There is a mix of Native American-run and commercial gambling venues in this state. Several popular “racinos” are also operating throughout Pennsylvania.

In early December, lawmakers ordered all of the commercial casinos to close their doors to the public. Health experts had been calling for this move for months. Eventually, it became clear that the state needed to implement tougher restrictions to cut down on rates of Covid-19.

Today, Pennsylvania’s casino industry was finally given the green light to open its doors again. 13 casinos here can now begin operating. They must all run at just 50% occupancy until further notice.

Despite the difficulties, casino revenue actually increased in Pennsylvania this year. Doug Harbach, a spokesman for the PA Gaming Control Board, spoke about the economic situation here to the media this weekend.

“Even with the decrease in revenue from casinos due to covid-19 closures, it is likely that (the 2020) calendar year will see an approximate 25% increase in the total local share tax revenue from all forms of legalized gambling,” he said. 

2021 is expected to be a much better year for the casino industry in Pennsylvania. All of the casinos here have already been given permission to open back up. With effective health regulations set in place, we could see visitation rates at these properties increase significantly throughout the year.

Nearby Atlantic City is working hard to bring in more gamblers right now. Many analysts expect big things for the popular New Jersey city moving forward.

How Will Atlantic City Fare in 2021?

Pennsylvania is quickly developing a successful casino industry. There’s no doubt that New Jersey still has the biggest casino market on the east coast, though. Atlantic City began opening back up again in July and has been trying to increase its tourism rates ever since.

It hasn’t been easy here. State officials have chosen not to implement another wave of casino shutdowns. Instead, they’ve been slowly ordering more regulations inside these venues. That includes lower occupancy levels and tough rules for casino restaurants and bars.

Fortunately, 2021 is expected to be significantly better than 2020 was for the casino industry here. Several analysts feel that vaccines could help to promote travel as the year goes on. Many will be looking for a fun vacation of gambling and entertainment that can be found in Atlantic City.

No one can say with 100% certainty that things will improve. We learned last year that anything can happen. Even Las Vegas, the world’s largest gambling destination, is still struggling to bring in gamblers.

Casino companies in New Jersey are certainly optimistic. Many have recently begun offering more entertainment options to their patrons. We’ll be sure to offer more updates on how the casino industry is faring over the next few months!

Are you excited to see Pennsylvania’s casino industry open back up? Let us know in the comments section below!

Pennsylvania Casinos Ordered Closed Starting December 12th

Roulette Wheel and Row of Slot Machines
Pennsylvania governor Tom Wolf has ordered the closure of various businesses including casinos in an effort to slow down the out-of-control spread of the coronavirus in the Keystone state.

The closure is set to take effect on Saturday, December 12, 2020, at 12:01 a.m. and will end on January 4, 2021, at 8:00 a.m. The orders are the most drastic since Wolf shut down all non-essential businesses last March at the onset of the pandemic. Aside from casinos, the order also covers indoor restaurant dining, sports activities, gyms, museums, bowling alleys, theaters and other entertainments venues. Likewise, all businesses serving the public will be limited to 50% capacity only.

In a statement, Wolf said:

“With these measures in place, we hope to accomplish three goals. First, stop the devastating spread of COVID-19 in the Commonwealth. Second, keep our hospitals and healthcare workers from becoming overwhelmed. And third, help Pennsylvanians get through the holiday season — and closer to a widely available vaccine — as safely as possible.”

COVID-19 Spread

As in the case with many other states in the U.S., Pennsylvania is experiencing a surge in COVID-19 cases. With its shutdown, Pennsylvania becomes the third state to declare full casino shutdown. Last November 18, Michigan closed all casinos in a move that was first said to be good for three months but now has been changed to indefinitely. Two days after the Wolverine state, Illinois also declared an indefinite shutdown.

One of the fears in Pennsylvania is that the hospitals and health care workers could get overwhelmed. As of Thursday noon,there were a total of 5,877 people hospitalized with COVID-19, the most since the pandemic started. Gov. Wolf is hoping that the three-week shutdown of will slow down the numbers.

Pennsylvania Gaming Was Doing Well

Pennsylvania gaming were doing well despite the earlier restrictions. During the third quarter of 2020, the gross gaming revenue (GGR) from land-based casinos, online casinos, and brick-and-mortar sports betting shops totaled $891.3M which is 3% more than the July-September 2019 figures. Requiring them to shut down again will affect whatever gains they had.

There are a total of 12 Pennsylvania casinos and racinos with a total gaming revenue of $3.38B in 2019. The Philadelphia gaming market ranked 7th among the United States gaming industry’s top markets, per the American Gaming Association’s 2019 State of the States report. Rivers Casino, the only casino within the Philadelphia limits, has been closed since November 20. With the governor’s new orders, the other Philadelphia area casinos including Parx and Harrah’s Philadelphia will now be closed as well.

Penn Gaming Launches First Retail Barstool Sportsbook in U.S.

Penn National Gaming
Penn National Gaming has launched its first ever Barstool Sports-branded retail sportsbook in the United States. The sports betting shop opened on November 5, 2020 at PNG’s Ameristar Casino Resort Spa Black Hawk in Pennsylvania.

Situated at the second floor of the Pennsylvania casino, the retail sportsbook features sports betting kiosks and ticket-writing stations. It is equipped with a video wall and odds boards that allow customers to watch sports events and get up-to-date betting odds.

Saind PNG president and chief executive officer Jay Snowden:

“This will be the first of many new retail locations for Barstool Sportsbooks at our casinos nationwide. Each will incorporate several features that reflect the spirit of the Barstool Sports brand, resulting in unique sports betting experiences that we expect our customers will thoroughly enjoy.”

Record Earnings in Q3

The full opening of the retail sportsbook at the Pennsylvania casino comes after a series of testing that began last September. PNG is also planning to put up Barstool Sportsbooks in other states across the United States.

It also comes after PNG reported record earnings for the third quarter of 2020. Although the revenue declined by 16.6% versus the previous year, it was a huge improvement from the figures of the second quarter of 2020 which saw a decline of 76.9% to $305.5M versus 2019.

Penn National Gaming reported a total revenue of $1.13B in Q3 with net profit for the period amounting to $141.2M which was 223.1% better. $993.6M of the revenue came from gaming including a $29M wagered on the Barstool Sports app during the month of September. The Pennsylvania sports betting market as a whole brought in $6.3M in September.

Exclusive Partnership

Last January, Penn National Gaming entered into an exclusive sports betting and online casino partnership with Barstool Sports. The deal included PNG acquiring a 36% stake in the digital sports media company. That stake was worth $163M and and it made PNG as the exclusive gaming partner of Barstool Sports for up to 40 years.

PNG has the option to bring in another partner to buy a portion of its shares in Barstool. In addition, Penn National was given customary governance rights including two seats at Barstool Sports’ current seven-man board.

The agreement also gave PNG the sole rights to use the Barstool brand for all its online and retail sports betting and online casino products. PNG started by taking over the brick and mortar sportsbooks and started developing a mobile product in cooperation with Kambi.

WSOP Launch in Pennsylvania Pushed Back To Early 2021

Poker Cards and World Series of Poker Logo
Pennsylvania online poker players were excited about the possibility of having the popular WSOP platform in the Keystone State. However, a representative from Caesars confirmed that the reported WSOP launch has been pushed back to early 2021.

The WSOP’s site now has a page advertising signup bonuses for real money online poker players in Pennsylvania. 888 has also began sending promotional emails to potential customers in the Keystone State. But despite these welcome developments, 888 still has some matters to address before a full launch.

Issues That Need to Be Settled

There are however a couple of PA-related issues that need to be settled. One of those involved the need for WSOP to establish a separate server for the Pennsylvania site as per regulatory requirements. The other issue involves the question of whether or not the WSOP can share player liquidity with its other sites in different states. 

It’s uncertain right now whether the WSOP wants an interstate compact already in place before its Pennsylvania launch. But that is definitely a plus for the WSOP because PA players can play against larger fields including players from other states. With these compacts in place, WSOP players in Nevada and New Jersey were able to compete against each other for WSOP online bracelets last summer.

Pokerstars Finally Has a Competitor

Earlier this month, the Pennsylvania Gaming Control Board approved 888 Holdings’ application for an interactive manufacturer’s gaming license in the Keystone State. The move came after the online poker market in the United States posted record revenue numbers in the previous months. 

888 is a longtime online poker partner of Caesars and is a solutions provider to the popular World Series of Poker  or WSOP.com. With the approval of its license, WSOP.com online poker could be launched in Pennsylvania. 888 and Caesars officials refused to comment on when they will actually launch in Pennsylvania but rumors are pointing at early 2021 as their targeted date.

The entrance of 888 in the Keystone State means that Pokerstars will finally have a competitor. Since its launch in 2019, Pokerstars has been the only real money online poker site in Pennsylvania. Despite the pandemic, Pokerstars registered a revenue of $2.7M in August and $2.9M last month. 

 

5Dimes Agrees to a $46.8M Settlement With Feds

Man Handing Out Money With a Sportsbook Background
Costa Rica-based sportsbook 5Dimes had reached a $46.8M settlement with the United States government after a money-laundering investigation.

According to sources who obtained a copy of the settlement agreement with the U.S. District Attorney’s Office for the East District of Pennsylvania, 5Dimes agrees to pay the U.S. government $15M in cash while also forfeiting more than $30M of assets.

The deal also absolves Laura Verola of any criminal conduct alleged against 5Dimes, stating that she did not have authority of the sportsbook’s operations. Verola is the widow of 5Dimes founder Sean Crighton. She assumed responsibility for 5Dimes’ assets after her husband was kidnapped in 2018. Crighton was later found dead one year later.

Said Maria M. Carillo, assistant U.S. Attorney for the Eastern District of Pennsylvania:

“We achieved the objective, which is, she is compliant with U.S. federal law right now. What that means for her is she is not operating in violation of U.S. law, and she is not actively taking bets from U.S. bettors. Whether she’s positioned well for regulators, that’s up for the regulators to decide. 5Dimes certainly is no longer in violation of federal law.”

Pursuing A U.S. License

Likewise, 5Dimes also agreed stop accepting bets from customers in the United States while operating with a Costa Rican license. This part of the settlement explains why 5Dimes announced last month that they would stop taking wagers from U.S. customers starting October 1st.

The non-prosecution agreement also allows 5Dimes to expand to pursue a U.S. license and expand to the legal sportsbetting market in the United States. Per the settlement, Varela has made “significant changes” to 5Dimes’ operations that would make it qualified to participate in lawful gaming operations across the word.

Federal Investigation

West Virginia native Creighton founded 5Dimes sometime around the year 2000, when legal sportsbetting still did not exist in the United States. It grew to become one of the most popular US sportsbooks that took bets from American customers and eventually caught the attention of federal investigators.

5Dimes used third-party payment processors to accept illegal wagers from U.S. customers. The District Attorney’s Office said that third parties processed the sportsbook’s credit card transactions that concealed the nature of charges. The payment processors then transferred the credit card proceeds to bank accounts of shell companies operated by Creighton.

Verola’s Cooperation

In 2016, the Eastern District of Pennsylvania Attorney’s Office in cooperation with the Department of Homeland Security conducted an investigation on 5Dimes for money laundering. In the seizure warrant filed before the U.S. District Court, agents detailed how they believe 5Dimes instructed U.S. sports bettors to use gift cards as a way to place bets. Creighton was never formally charged but the investigation continued for years.

Verola’s attorney’s contacted the East District of Pennsylvania in 2019, and offered her cooperation to resolve the case. According to the settlement, she helped retrieve Creighton assets which were forfeited in favor of the Federal government. These include gold coins, cryptocurrency, funds from the sale of season tickets to the Pittsburgh Pirates, and West Virginia college basketball and football, and a George Mikan rookie basketball card which he purchased for $400,000.

Barstool Sportsbook App Makes A Splash in Pennsylvania Launch

Icon Displaying Variety of Sports, Hand Holding Cash
Penn National Gaming’s Barstool Sportsbook app shattered download marks by DraftKings and FanDuel over the weekend. The much-publicized sports betting app created by Penn National and Barstool Sports had a three-day soft launch in Pennsylvania last week before going live during the weekend. Preliminary data on Pennsylvania sports betting were very impressive.

Better Opening Numbers Than FanDuel and DraftKings

According to market intelligence firm Sensor Tower, the Barstool Sportsbook app was downloaded 63,000 times during the weekend or an average of 21,000 downloads per day. The numbers are significantly higher than the 4,000 downloads that DraftKings got during its first weekend in 2018 and its single-day high of 15,000 downloads during the opening of the NFL earlier this month.

Similarly, the Barstool Sportsbook app’s weekend numbers topped FanDuel’s inaugural weekend total of 9,000 downloads during the opening weekend of the 2018 NFL season. FanDuel established a single-day high of 19,000 downloads last September 13 as the NFL’s 2020 season opened but Barstool’s 21K downloads per day last weekend was still better.

Expanding The Industry

Per Morgan Stanley analyst Thomas Allen, the app’s downloads started out “extremely strong” yet the download numbers for its competitors didn’t seem to slow “meaningfully”. That bodes well for Pennsylvania sports betting as Allen notes that the Barstool Sportsbook app isn’t “cannibalizing” the industry but merely expanding it.

Allen downgraded Penn National and DraftKings last month from overweight to “equal-weight”. The Morgan Stanley analyst cited valuation as the reason for the downgrade with both stocks going sky-high this year. DaftKings went public last April and as of Monday’s closing, the stock had risen 194% since then. Meanwhile, Penn Gaming had a gain of 416% during the same period.

Too Early To Tell

Obviously, it’s too early too tell whether Penn Gaming’s new app will become a national force. Sure, Pennsylvania sports betting is a major wagering market but it is only one state. Penn Gaming plans to launch in several states in the first quarter of 2021. DraftKings and FanDuel are etched in the other states as well with other major competitors like BetMGM, William Hill, FoxBet, and PointsBet contending for market shares as well.

Barstool’s launch was well-timed and it debuted in a mature betting market. On the other hand, DraftKings and FanDuel launched without the same fanfare and before the U.S. Supreme Court thrashed the Professional and Amateur Sports Protection Act of 1992. Despite these apples to oranges comparison, there is no question that the Barstool Sportsbook app made a splash during its opening weekend.

Philadelphia Eagles Announce Sponsorship Deal With FOX Bet


Tuesday saw another professional sports team in the U.S. sign a deal with a gambling company as the Philadelphia Eagles signed a multi-year sponsorship agreement with FOX Bet. The deal was announced on Tuesday via the Eagles website.

Said Fox Bet CMO Andrew Schneider:

“FOX Bet enhances the fan experience in a big way, and this is a fanbase that knows and appreciates big things. They’re passionate, tough and willing to do whatever it takes to win. To connect our offering to this one-of-a-kind fanbase is a game-changer. Eagles fans are going to love this, and we’re honored to have this association with a team that is primed for a successful 2020 season.”

Sponsorship Agreement

The sponsorship agreement involves broadcast, digital, and social media advertising on all team channels, custom promotions, and a strong branding presence during Eagles’ games. The deal also includes messaging on the stadium’s LED and end zone boards. FOX Bet signages will also be placed on the concourse levels

FOX Bet will also serve as the presenting sponsor of Eagles Edge, which is a new program that airs on the team’s digital channels after each of their games. Filmed on game days when the Eagles are playing at Lincoln Financial Field, this series will be broadcast via the Eagles Official YouTube Channel, Eagles Official Mobile App, PhiladelphiaEagles.com, Eagles social media channels, and the team’s other digital channels.

Premium Lounge and Interactive Studio

The Eagles also revealed that it includes the construction of a FOX Bet-branded premium lounge and interactive studio at Lincoln Financial Field. The lounge will feature exclusive content across all platforms and will be presented by Eagles on-air personalities, Eagles Legends, and FOX Bet contributors.

Once fans will be be allowed to watch the games, the lounge will be open to ticketed guests on game day. The 4,000 square-foot studio can accommodate up to 380 persons. Guests will enjoy all-inclusive food and beverage options. They will also be entitled to behind-the-scenes premium access, prime locations to watch player arrivals, and live post-game press conference. Fans can access the studio two and a half hours before kickoff and one hour after post-game.

Betting-related deals in the NFL

The Eagles are the second professional sports team to sign a sponsorship deal with FOX Bet. Last year, the Philadelphia 76ers also entered into a multi-year sponsorship contract with FOX Bet.FOX Bet is a mobile casino that was formed from the partnership between The Stars Group and Fox Sports.

Since the NFL cleared its clubs to sign betting-related deals last spring, some NFL teams have been busy making deals. The Denver Broncos have signed pacts with BetMGM, Betfred, and FanDuel. The Detroit Lions also have a deal with BetMGM. Likewise, the NFL has inked betting partnership contracts with BetCris, 888Holdings, and SkyBet.

We May See a New Casino Near Penn State Open Next Year

Pennsylvania lawmakers are currently working to significantly expand the state’s casino industry. Part of that plan is to open “mini-casinos” in different cities. According to new reports, we may see a new casino near Penn State open its doors next year.Pennsylvania Highlighted on Map

It’s interesting news to hear. There are clearly many companies still interested in opening casinos here. Today, we’re going to talk about the details of this proposed mini-casino.

Let’s get into it!

Pennsylvania’s Casino Industry is Slowly Coming Back to Life

Pennsylvania’s leaders ordered all of the state’s casinos to shut down back in March. It was a complete turn from where the state was heading. Prior to the shutdowns, Pennsylvania had been working hard to expand its gambling industry.

Revenue from this industry plummeted for months. According to a new report from The Allegheny Institute, casinos in the state lost out on an incredible $968.8 million. That is the biggest revenue drop since the state legalized Class III casinos.

Online gambling regulations slightly helped to alleviate this revenue loss. Online casino revenue jumped from $13.9 million in January of this year to $50 million in June. That’s an astounding 258.6% increase.

Casinos in Pennsylvania slowly started to open their doors again in June. Thousands of residents in the state were finally able to work again. Since that time, revenue from this industry has been slowly increasing.

Things are far from normal. It may be more than a year before casino revenue gets back to the levels it was in 2019. That isn’t stopping the state from working to expand this industry, though. Many new mini-casinos are scheduled to open here over the next few years.

It now appears that a location for the state’s next mini-casino has been chosen.

Ira Lubert Plans to Open a New Casino Near Penn State

Pennsylvania continues to search for individuals and companies that will operate new mini-casinos. This week, the Pennsylvania Gaming Control Board held an auction for a license to run one of these venues. Ira Lubert won the bid at $10 million and immediately offered some insight into where this gaming venue will be located.

Many were surprised to hear that Ira Lubert, an investor with a successful history of casino operations in the state, plans to open the new casino near Penn State. The most probable venue for this casino is the Nittany Mall in College Township, just minutes away from Penn State’s flagship campus.

This is not a done deal, though. Lubert must officially file a casino application within six months to become eligible to open this venue. He’ll also need to provide the state with details on the building plan, amenities, and employment projections.

Five mini-casino licenses have already been awarded this year. None have opened yet. Only the Live! Casino Pittsburgh is scheduled to open this year. Many feel that 2021 will be a big year for this newly-emerging industry.

Some feel that Pennsylvania will grow to become the next major gambling destination on the East Coast. As we just mentioned, five new mini-casinos are scheduled to open here over the next couple of years. These venues can hold up to 750 slot machines and 40 table games.

We’re likely to hear more about Lubert’s proposed casino over the next few weeks. Some feel there will be major opposition to opening a casino so close to a college campus. Make sure to stay tuned for updates!

Online Casino Gambling and Sports Betting Continues to Grow in Pennsylvania

Lawmakers in Pennsylvania have been looking at sports betting regulation for years. In 2017, the state approved a bill to regulate this industry, yet PASPA prevented the state from formally legalizing it. PASPA was removed in 2018 and sports betting was formally made legal in Pennsylvania immediately after.

2017 marked a major change in the state’s gambling laws. This year, lawmakers also approved a measure to legalize online casino gambling. These two industries have been surging throughout 2020.

Online sports betting revenue has been gradually increasing for years. The same can be said for internet casino revenue. Pennsylvania’s expanded gambling laws have actually pushed other nearby states to look at updating their regulations, as well.

The first legal sports wager was placed in New York in mid-2019. Many lawmakers in New York have been considering allowing online casino gambling, as well. These calls to expand gambling laws have intensified now that the state is desperate for additional forms of revenue.

Pennsylvania may even decide to allow more forms of gambling. Additional casinos are set to open here over the next few years, including the new casino near Penn State. It will be interesting to see how successful these venues become.

Do you think Ira Lubert will be allowed to open this mini-casino near Penn State’s flagship campus? Let us know in the comments section below!

IGT Inks Sports Betting Pact With Boyd Gaming Corp.

IGT

International Game Technology PLC announced on Wednesday that it has inked a sports betting technology deal with casino operator Boyd Gaming Corp.

Under the agreement, IGT will cover the equipment for Boyd Gaming’s retail sportsbooks in the state of Nevada and the technology for the mobile app ans sports betting site of the casino operator. For its part, Boyd has agreed to deploy IGT’s PlaySports self-service betting kiosks throughout its Las Vegas-based casinos. Both companies have agreed to a phased rollout for the services and features covered in this long-term agreement.

Said IGT PlayDigital Senior Vice President Enrico Drago:

“IGT and Boyd Gaming will create a dynamic omnichannel sports betting product that is sure to stand apart in Nevada, the most mature and high-volume sports betting destination in the U.S. IGT’s PlaySports platform enables Boyd Gaming to differentiate its sports betting product in meaningful ways that position them to attract new players and grow revenue in the segment.”

Not their First Partnership

Aside from offering Boyd’s clients with a more progressive sports betting platform, the PlaySports agreement will allow the US. casino operator to have an improved back office navigation, and the ability to update its app in line with real-time data and betting trends. Likewise, players will enjoy new features on the app as well as a wider variety of bets.

This isn’t the first time that Boyd Gaming and IGT have partnered. Since 2018, PlaySports has been powering Boyd Gaming’s sports betting facilities in its gaming properties in Iowa, Indiana, Mississippi, and Pennsylvania.

Boyd Casino operates a total of 29 casinos in 10 different states. When it comes to Nevada, three of its three Las Vegas casinos remain closed since they were ordered by the government last March to shut down operations as part of the health and safety measures during the coronavirus pandemic. Earlier this week, one of those Casinos–Eldorado, was granted approval by the Henderson City Council to make its gaming and liquor license non-operational until 2021.

IGT and FanDuel

Boyd Gaming’s regional casinos have a sports betting partnership with FanDuel. The latter runs the sportsbook in seven of Boyd’s regional casinos and mobile sports betting apps in Pennsylvania and Indiana. They are expected to launch a digital sports betting app at Boyd’s Par-A-Dice Casino in Illinois. 

Earlier this month, IGT and FanDuel extended their U.S. partnership through 2024. Through this agreement, FanDuel sportsbooks in eight states will utilize the IGT platform. Meanwhile, FanDuel will offer IGT’s online casino games in Pennsylvania and New Jersey where the former currently operates.

IGT is a global leader in gaming solutions including gaming machines, lotteries, sports betting and digital. It has established relationships with governments and regulators in over 100 countries worldwide.