MontBleu Casino Has Been Officially Renamed as Bally’s Tahoe

Lake Tahoe Casinos

MontBleu Casino Resort & Spa Casino was officially renamed as Bally’s Lake Tahoe last week.

According to a press release from Bally’s the property-wide rebrand is expected to be completed by the second quarter of 2022. The transformation is expected to include new dice, cards, gaming chips, and table game layouts as well as interior and exterior signage.

Said Bally’s President George Papanier:

“We are proud to bring the Bally’s brand to Lake Tahoe, and it’s an exciting time for our customers and team members. I’d like to thank the State of Nevada for its collaboration throughout this process, and I’d also like to recognize our team members for their contributions to this significant endeavor.”

Third Name Change in the 21st Century

This marks the this name change for the property in the 21st century. The casino opened as the Park Tahoe in 1978 before it was purchased by Caesars in 1980. After spending 27 years as Caesars Tahoe, it was rebranded as the MontBleu in 2005, and earned the nickname “Nomad” for the film “Smokin’ Aces”.

In April of last year, then-owners Eldorado Resorts announced that it wold sell the MontBleu along with the Eldorado Shreveport Resort and Casino in Shreveport, La. to Twin Rivers Worldwide Holdings for $155 million. The sale was part of the conditions of the merger between Eldorado and Caesars and was contingent upon the completion of that $17.3B merger which was completed late last year. As part of the deal, Twin Rivers acquired the perpetual rights to the Bally’s name from Caesars and completed its name change to Bally’s Corporation in November 2020. Bally’s then requested to change the name of the MontBleu to Bally’s Lake Tahoe and it was approved last July 1st.

Improvements to Complement Tahoe South Events Center

Papanier also said that capital improvement plans are under development that will not only enhance the property but also complement the Tahoe South Events Center project which broke ground in July 2020 and is expected to be completed by the end of 2022.

Built on the parking lot on what will be Bally’s Lake Tahoe, the 132,000 square foot land was donated by property owner Edgewood Tahoe for a multi-purpose facility that will serve as a venue for conventions, special events, concerts, as well as professional and amateur sporting events.

Bally’s Expansion in Nevada Continues to Progress

Las Vegas Sign And Money With Strip Background

Bally’s Corporation has been busy lately trying to grow its various gaming operations around the United States. The company has put a particular emphasis on further breaking into the Nevada casino market. New reports claim that Bally’s expansion in Nevada is making some serious progress.

A lot is changing in the US casino industry right now. 2022 is shaping up to be one of the biggest years in history for casino companies around the country.

Here’s a quick look at what is happening with Bally’s Corporation right now.

Gaming Board Gives Approval For Bally’s Expansion in Nevada

Nevada is home to the largest number of casinos in the United States. It’s here that many of the country’s biggest and most profitable casino operators are based. Bally’s Corporation, currently based in Rhode Island, has recently begun to make a sustained effort to break into Nevada’s casino market.

This company purchased the Tropicana Las Vegas earlier this year in a deal valued at $308 million. It was a huge move for the company and marked its first property located on the Las Vegas Strip. Bally’s has since been looking at other ways to break into Las Vegas.

Earlier this week, the Nevada Gaming Board unanimously approved Bally’s acquisition of Gamesys Group plc. Gamesys is a major online gaming operator based in the UK. Bally’s takeover of this company allows it to offer more unique gambling operations throughout the United States.

This deal will better facilitate Bally’s expansion in Nevada. It should help the company to offer online operations including sports betting, online casino options, poker, bingo, daily fantasy sports, and free-to-play games. Many of these new gaming options will likely be featured inside the Tropicana Las Vegas.

Bally’s is certainly entering into a hot market. Let’s take a look at how the casinos in Las Vegas have been faring over the past few months.

Gambling Revenue in Nevada Passes the $1 Billion Mark in August

Las Vegas experienced a massive fall from grace in 2020. In March of that year, all of the casinos in this city were forced to shut their doors. It wasn’t until June that any of the gambling properties in this city were given permission to open their doors again.

Gambling revenue remained extremely low for all of 2020. Incredibly, things completely turned around in 2021. The city has set several monthly casino revenue records and continues to bring in a huge amount of money. This past August marked yet another month in which casinos around Nevada brought in more than $1 billion in total GGR.

Clark County unsurprisingly brought in the most money. It’s here that the casinos managed to bring in $993.4 million in total revenue. In total, more than $6 billion was wagered inside the state’s casinos and August’s GGR is up 57% when compared to August of 2020.

This is shaping up to be the best year in history for Las Vegas’ casino industry. The past nine months have proven that there is a serious pent-up demand among Americans to visit and gamble in Las Vegas. Many are expecting another fantastic month for the city’s casinos over September.

The casino operators in Las Vegas have been making big moves lately. Here are some of the most notable sales and purchases in the city to come up recently.

Biggest Las Vegas Casino Sales to Take Place in 2021

Things are constantly changing in Las Vegas. Casino companies here work to expand and increase their revenue figures. Sometimes that means selling properties and other times that means purchasing major casino-resorts.

2021 has brought about many of these sales and purchases. Las Vegas Sands, one of the most powerful gaming companies in the world, famously sold The Venetian earlier this year. This casino sale was made so that LVS can focus more on its operations in Macau.

MGM Resorts International is another powerful gaming company based in Nevada. Just weeks ago, news broke that this company had agreed to take over The Cosmopolitan. It will continue to pay rent on the real estate that this casino sits on.

While not necessarily a sale, the opening of Resorts World Las Vegas made serious headlines this summer. At $4.2 billion, this is the most expensive casino ever built in the city. A huge number of tourists made the journey to Las Vegas to see what this new property has to offer.

Bally’s expansion in Nevada is ongoing. We’ll be sure to continue offering updates on this company’s move into the country’s top gaming hub. Stay tuned for updates!

Bally’s Quad Cities Slot Machines Open 24/7

Different Slot Machines
Bally’s Corporation announced on Thursday that the slot machines at its Bally Quad Cities Casino & Hotel will be open 24/2 beginning Friday, October 1st.

Said Travis Haskins, Vice President and General Manager of Bally’s Quad Cities in a press releases:

“Under our new Bally’s ownership and brand, we are excited to be able to expand our gaming times and offerings to our guests. After constricting hours and capacities during the pandemic, we are encouraged and optimistic to be able to expand our gaming to 24/7 for the first time in the property’s history. It is one of several positive changes we have made in the past couple of months as ‘Bally’s Quad Cities’ and essential to remain competitive in this market.”

This marks the first time in the history of the property that it will offer 24/7 gaming and it’s one of the several changes that Bally’s has implemented since acquiring the property for $120M from the Delaware North Companies Gaming & Entertainment last June.

Bally’s Quad Cities New Schedule

Under its new schedule, Bally’s Quad Cities will offer table games starting from 12 noon on Mondays and Tuesdays while stating operations at 9 am from Wednesdays through Sundays. Meanwhile, Poker will be offered from 4pm till midnight from Wednesdays to Sundays.

The Players Club will open at 8 am and will close at midnight from Sundays to Thursdays and 2 am on Fridays and Saturdays. The Blue Square Cafe is open by 7 am and will serve customers until 9 pm on Sundays to Thursdays but will extend up to 11pm on Fridays and Saturdays. Meanwhile, the Oculus bar is open from 9 am to 3 am daily. Likewise, the hotel front desk is open 24/7.

From Jumers to Bally’s

With Jumers gone after 48 years of making it mark in the Quad Cities, so is the Jumer’s Casino & Hotel which was purchased by Bally’s Corporation three months ago. Not long after, the property is undergoing a rebrand and is now known as Bally’s Quad Cities Casino & Hotel.

The property-wide rebrand is expected to be completed in 2022 but for now, the interior signage of the 13-year old casino has been changed and Bally’s has introduced its all-new Rewards players club program to the Quad Cities.

The former Jumers Casino has a gaming area of 40,000 feet with 870 slot machines, 25 table games, and a 205-room hotel with 11 luxury suites, and events center, the Oculus sports bar, the Edje nightclub, and four restaurants.

Bally’s Signs Deal to Launch Mobile Sports Betting in Kansas

Bally's Atlantic City

Efforts to legalize Kansas sports betting failed for two straight years but that did not stop Bally’s Corporation from setting foot in the Sunflower State ahead of time.

In a statement, the Rhode Island-based gambling company said that it will offer its Bally Bet mobile app in Kansas via a multi-year market agreement with Boot Hill Casino and Resort.

Said Bally’s President and CEO George Papanier:

“This relationship provides a significant opportunity for Bally’s to enter into yet another attractive mobile sports betting market. With the approval of pending sports betting legislation in the state, we can’t wait for Kansas sports fans to engage in our best-in-class online sports betting offerings.”

The Kansas Lottery owns and operates all gaming in the state. As required by law, the agreement will license, transfer, or lease the needed Bally’s mobile sportsbook elements to the Lottery in order to offer a premium sports betting platform for Kansas bettors.

Kansas Will Give Bally’s Presence in a 14th State

Senate Bill 84, which seeks to legalize sports betting in Kansas, was introduced last January and passed the Senate via a 26-12 vote. It was referred to the House Committee on Federal and State Affairs as the House must also pass it before it becomes a law.

The Kansas launch, dependent on the House approval, will give Bally’s a presence in a 14th state and the third wherein it operates solely as an online entity. Bally’s is hoping that its recent partnership with the Sinclair Broadcast Group, which has 19 regional station, will help attract sports fans from neighboring states to Kansas.

SB 84

Under the Kansas expanded lottery act, Senate Bill 84 will legalize sports betting and allow existing casinos to offer retail and mobile sports wagering. All sports betting activities will be under the regulation and responsibility of the Kansas Racing and Gaming Commission.

Bettors need to be at least 21 years old to place legal wagers on professional and collegiate sports. An estimated 2% of all sports betting revenues collected by the state will fund a gambling addiction treatment programs.

Bally’s Launches Mobile Sportsbook in Colorado

Ballys Atlantic City

Bally’s Corporation announced on Tuesday that it has proceeded with the beta launch of of its mobile sportsbook called Bally Bet.

The beta launch will focus on the deployment, testing, and refinement of the Bally Bet App and its content. It will also include limited marketing as Bally’s hopes to incorporate the enhancements in the coming weeks.

Said David Wang, Founder and CEO of Bet.Works, who is slated to become the CEO of Bally’s Interactive after Bally’s completed the acquisition of Bet.Works:

“Bally Bet is the culmination of a tremendous amount of hard work by both the Bally’s and Bet.Works teams, and represents a key component of Bally’s long-term growth and diversification strategy. Today’s launch is just the beginning of what Bally’s has in store for the mobile sportsbook market.”

Unique and Innovative Features

Developed by Bet.Works, Bally Bet has been touted to offer unique and innovative features to Colorado sports betting enthusiasts. Aside from having betting options for all the biggest sports, Bally Bet will include in-app parlay games and integrated social features all available exclusively to its members.

Bally Bet users will also earn points from sports betting that they can redeem for dining, gaming, retail, and other amenities at Bally’s Golden Gates, Golden Gulch, and Mardi Gras casinos located in Blackhawk Colorado, and in all Bally’s casinos nationwide after the company’s rewards program is launched this summer.

Colorado Launch is Sensible

Bally’s controls three casinos in the Centennial state but that isn’t the only reason why launching Colorado sports betting was sensible for Bally’s. Colorado is an operator-friendly state with a huge potential market that generated a total handle of $2 billion since it launched in May 2020

Likewise, online wagering has been a part of Colorado sports betting lexicon since the start and the state’s sports bettors are taking advantage of that option. According to state data, 97% of Colorado sports betting wagers have been placed using computers or mobile devices.

The Tropicana Las Vegas is Being Sold for $308 Million

Tropicana Las Vegas

Las Vegas is doing everything it can to promote its tourism industry right now. It seems to be working, yet many of the casino companies here are still making deals to cut down on costs. Reports have surfaced today that claim the Tropicana Las Vegas is now being sold for an astounding $308 million.

This property has gone through some major changes over the years. Some are surprised to see it once again being sold. Now is the perfect time to talk about which company has bought this venue and why.

Let’s get into it!

Las Vegas is Expecting a Successful Summer

Summer tends to be a successful season for many of the country’s biggest tourism destinations. It’s a time for vacations for millions of people around the US. That certainly wasn’t the case in 2020, though.

Last summer ended up being the worst in history for the city of Las Vegas. A staggering low number of visitors made the trip to the city. It wasn’t a surprise when considering the health crisis the country was facing, yet it showed how vulnerable many of the businesses in the city are.

There are many reasons to be optimistic about the summer of this year for Las Vegas, though. Tourism rates in the city are gradually increasing right now. Many of the casino-resorts here are seeing huge surges of revenue, too.

One of the most impressive gambling properties ever built in Las Vegas will also be opening its doors this year. This is called Resorts World Las Vegas, set to open its doors in the northern area of the Las Vegas Strip. It cost an incredible $4.2 billion to build and is expected to be one of the most incredible gaming venues ever opened.

This new casino-resort should help to draw in tourism to the city. Many gambling proponents are excited to see what this venue has to offer. If all goes according to plan, Las Vegas will experience a major comeback over the next six months.

There have been some major property sales in Las Vegas over the next few months. We’re now beginning to hear about another sale taking place in the city.

Bally’s Corporation Agrees to Buy the Tropicana Las Vegas

Las Vegas has been home to many of the world’s biggest and best casino-resorts for decades. One of the first major gaming venues to open its doors on the Strip was the Tropicana Casino-Resort. For a long period of time, this was a premier gaming venue in the city.

Time has caught up with this property in recent years. It’s still a popular option for many visitors to the city, yet it’s not nearly as revered as other, newer casinos in the city. As a result, it has gone through several major sales over the years.

Today, news broke that Bally’s Corporation had agreed to pay $308 million for the Tropicana Las Vegas. The Rhode Island-based gaming company has worked hard to expand recently. It now sees some major potential in the recovery city of Las Vegas.

George Papanier, president and CEO of Bally’s Corp, released a statement on this new deal shortly after the news broke.

“Landing a preeminent spot on the Las Vegas Strip is a key step for us,” he said. “The Strip is visited by over 40 million players and guests per year, which we believe will significantly enhance Bally’s customer base and player database, as well as unlock marketing opportunities to leverage the iconic Bally’s brand. This expansion will also support the growth and development of our online and interactive business. We look forward to exploring significant redevelopment of the property, which we believe will enhance its financial profile.”

Bally’s has also entered into a sale-and-leaseback deal for several of its properties in Colorado and Illinois. It’s a huge move for the company and will hopefully pay off in the near future. Stay tuned for updates!

Is Atlantic City Poised for a Comeback This Year?

There has been a huge amount of attention placed on Las Vegas over the past year. This major casino hub was the worst-affected city from an economic standpoint in the country due to the events that unfolded last year. Many have also been paying attention to the economic situation over in Atlantic City.

This city has struggled immensely over the past year, too. Gaming revenue dropped by an astounding 80% here in 2020. Fortunately, there are online gaming options set in place here to make up for some of the land-based revenue lost.

Things seem to be improving. Restrictions are slowly being lifted and tourism numbers are increasing. Many analysts are expecting this summer to also be very successful for the casinos in Atlantic City.

Several major companies are now making a push here. News recently broke that the Icahn family had purchased a major stake in the Ocean Casino Resort. The corporation clearly sees some upside in the future here.

It wouldn’t be a shock to see several casino sales take place in Atlantic City soon, too. Things are constantly changing in this industry. Sales like these are proving to be extremely valuable.

Are you surprised to hear that the Tropicana Las Vegas has been sold? Let us know in the comments section below!

Richmond Casino Applicants Down to Three

Richmond Virginia
Richmond has narrowed down its field of casino applicants, rejecting three out of the six proposals submitted to the city last month.

Per an official statement from the city:

“The top ranked proposals stood out because the operators provided strong proposals with detailed financial and operational analyses to support their vision for a resort casino in Richmond.”

The applications of Bally’s Richmond Casino Resort, Live! Casino & Hotel Richmond, and One Casino + Resort. Meanwhile, the proposals of Golden Nugget, Wind Creek Hospitality, and Pamunkey Indian Tribe & Reservation were disapproved.

A Single Casino Operator

According to the press release, the three Richmond casino proposals were rejected due to factors like “lack of site control, concerns about the feasibility of financial projections, lack of organizational experience, and deficiency in the proposal”.

The decision was revealed as the city continues to collect public feedback on the resort-casino proposals it requested for last year. Under a new law introduced by the state last year, Richmond is allowed to have a single casino operator if local voters approve it in a referendum that the city is planning to hold this coming November.

Next Step

Now that the choices are down to three, the next step is for the Evaluation Panel to start negotiations with bidders while continuing to engage the community. The Panel is composed of seven administration officials plus city council members Andreas Adison and Ellen Robertson.

The city will be hosting three virtual meetings next week where the three advancing Richmond casino applicants will discuss their proposals and give citizens a chance to voice out their inquiries or ask questions. The meetings will be held virtually, via Microsoft Teams and these are open to the public. Those interested can join the meeting using a link, or by calling 804-316-9457 with phone conference ID 934 627 185.

More Information on the Richmond Casino-Resort is Coming Out!

Richmond Virginia

Virginia is still in the process of legalizing its casino industry. Some powerful casino companies are now getting ahead of the game, proposing their plans for future gambling properties here. Today, we’re going to talk more about the proposed Richmond Casino-Resort.

There has been a tremendous amount of attention placed on this venue. Many believe it will become one of the most popular new gambling properties on the East Coast. There is some major progress being made to get a casino here up and running.

Here’s what you need to know!

Virginia Continues Moving Towards Casino Legalization

Most of the states throughout the southern United States have tough laws towards casino gambling. That includes Virginia. For decades, lawmakers here have pushed against the legalization of casinos and some felt things would never change.

Recently, many lawmakers here have changed their thinking. Many have begun to realize how much revenue can be earned from this industry. Some of Virginia’s lawmakers are also seeing the huge demand for legal casinos from many state residents.

There have been some exciting updates lately. In early February, a state Senate committee decided to allow residents in five different cities to vote on whether or not to allow casinos. This is a huge move and is likely one of the final steps needed to get the state’s casino industry operational.

Many are pointing towards the economic benefits that legal casinos will bring to different areas of Virginia. That includes several low-income areas desperate for more employment and revenue opportunities. This seems to be the primary reason for this new push to allow casinos here.

Richmond is one area of Virginia working hard to host a new casino-resort. There have been several major companies expressing interest in opening a gambling property here. That includes Bally’s Corporation.

Bally’s officially submitted a proposal to operate this venue. Many are excited to hear what this major casino company has planned.

Bally’s Submits Proposal to Operate a Richmond Casino-Resort

Bally’s Corporation is well-known in the US casino industry. This company launched in 2004 and now owns and operates casinos around the country. Lately, the company has been looking to expand into new states.

This week, Bally’s submitted an official proposal to operate a new casino-resort in Richmond. The company revealed its plans to create and run a “state-of-the-art destination hotel, resort, and casino.” Bally’s has some big plans for this property.

If approved, Bally’s will open a massive 1.6 million-square-foot casino. It will feature a casino, sportsbook, hotel, and resort-style pool. A variety of restaurants and entertainment options will also be constructed here.

Bally’s is also teaming up with several different local companies to ensure this project moves forward in the best way possible. The construction of this property is expected to take 18 months and is expected to cost around $650 million. It is then projected to generate $415 million in gross gaming revenue.

George Papanier, President and Chief Executive Officer of Bally’s Corporation expressed his excitement about this project in an official statement this month.

“We are honored about the prospect of partnering with the City of Richmond as it embarks upon this exciting and unique adventure,” he said. “Our proposal represents an unprecedented project for the Richmond community that will embrace and showcase the city’s existing culture and traditions in an environment positioned towards entertainment and leisure. The Bally’s Richmond would provide the city with a vibrant new attraction that is sure to turn Richmond into a dynamic tourist destination.”

Nothing has been approved yet and it’s still unclear if Bally’s will be given permission to operate the casino in Richmond. These plans will certainly stand out with lawmakers, though. Stay tuned for more updates over the next few months!

Las Vegas Tourism Rates Are Expected to Increase Soon

Virginia is choosing to embrace the casino industry at an unusual time. For almost a year, land-based casino revenue has been on a steady decline around the country. Las Vegas has been hit the hardest by this economic situation.

Fortunately, there seems to be some light at the end of the tunnel. Infection rates around the United States are dropping right now. Some of Nevada’s leaders claim a loosening of restrictions is likely just around the corner.

These two factors will likely result in a major tourism boom in Las Vegas. Casino companies are banking on this fact. Some have recently chosen to resume weekday reservations. There’s a real sense of optimism for the city’s gambling industry.

2021 will also feature a number of exciting new casinos in Las Vegas. The most-anticipated is of course Resorts World Las Vegas. This property will be opening to the public sometime this summer and is the most expensive casino-resort ever built in Las Vegas.

Many are excited to see the new Virgin Hotel-Casino open its doors in Las Vegas soon, too. This property is taking the place of the former Hard Rock Hotel-Casino. Virgin is working hard to make this a truly special property.

Are you excited to hear Bally’s plan for a Richmond Casino-Resort? Let us know in the comments section below!

Bally’s Becomes Sports Betting Partner of the NHL

Bally's Atlantic City

Land-based casino operator Bally’s Corporation has entered into an agreement to become an official sports betting partner of the NHL.

The deal enables Bally’s to use the official NHL marks and logos as well as the league’s official data for use in its expanding range of sports betting offerings. Bally’s recently purchased Bet.Works for $125M to launch its sports betting business later this year.

It also allows Bally’s to create NHL content that will be integrated to the game coverage on 19 regional TV networks operated under the Sinclair Broadcast Group which is being rebranded to Bally’s. Sinclair broadcasts the games of 12 NHL teams including the last two Stanley Cup winners in the Tampa Bay Lightning and St. Louis Blues.

Said Bally’s Corporation President and CEO George Papanier:

“We are thrilled to enter into this partnership with the NHL, which represents an important milestone in our strategy to become a leader in the online sports betting and iGaming space. With access to the NHL’s official logos and brands, together with our first-of-its-kind media partnership with Sinclair, we will continue on our path to transform how fans engage with their favorite hockey teams.”

NHL Embraces Sports Betting

The NHL has been one of the most progressive pro sports leagues when it comes to embracing sports betting in the last couple of years. The NHL has partnered with the American Gaming Association to bring responsible gaming messages directly to fans via an extensive public service campaign inside arenas.

Last month, the NHL entered into a deal with an Eastern European sports betting company covering the Czech Republic and Slovakia. Most recently the Detroit Red Wings entered into a sports betting partnership with online gambling operator PointsBet.

First Time for Bally’s

While this kind of partnership isn’t new to the NHL, this deal represents the first time that Bally’s has forged a sports betting deal with a major professional sports league, making this a landmark deal for the company.

Rhode Island based Bally’s currently operates in seven states with a total of 11 casino properties. It has pending deals that will add four new properties in three different states to its existing portfolio.

Bally’s Corporation to Construct $120M Casino Near Penn State

Bally's Atlantic City
Bally’s Corporation announced on Monday that it has entered into an agreement with former Penn State University trustee Ira Lubert for the design, development, construction, and operation of a Category 4 licensed Pennsylvania casino.

The said casino will have up to 750 slot machines and feature 30 table games, and it will be built near the “Nittany Mall” which is located about four miles from the Penn State campus. According to Bally’s the Pennsylvania casino will also have a retail sports betting shop, online sports betting, and online gaming, subject to separate licenses.

Per Bally’s Chief Executive Officer George Papanier:

“Expanding our rapidly growing, national footprint into the attractive Pennsylvania gaming market represents yet another major milestone for Bally’s and a great way to cap off a truly extraordinary year. Regional, land-based casinos remain the cornerstone of our portfolio diversification strategy, providing the necessary support for the growth, development and success of our future sports betting and iGaming initiatives. We look forward to combining our own proven track record of greenfield development with Ira Lubert’s local knowledge and expertise to bring Bally’s first-in-class gaming experience and amenities to customers and sports fans across Pennsylvania.”

Bally’s Will Acquire Majority Interest

Under the agreement, Bally’s will acquire a majority interest in the partnership, including 10% of the economic interests of all retail sports betting, online sports betting, and iGaming operations related to the project. Including construction and licensing costs, Bally’s estimates the cost of the Pennsylvania casino to be $120M.

According to Bally’s, construction will start during the first half of 2021 and will take approximately one year to finish. Once completed, it will be Bally’s first casino in Pennsylvania. The company owns or manages 11 gambling properties across seven states and will add three more in new states, including the Pennsylvania project.

About Ira Lubert

Lubert graduated from Penn State in 1973. The well-known real estate and property equity investor has been part of casino developments in Pittsburgh and Valley Forge. He served as chair of the Penn State Board of Trustees in 2016 and of the six-man committee that hired Bill O’Brien as the school’s football coach in 2012.

The chairman and co-founder of Lubert-Adler was recently awarded by the Pennsylvania Gaming Control Board the right to apply for a Category 4 slot machine license for a casino to be constructed within a 15-mile radius of Unionville Borough, Center County, Pennsylvania. Lubert has a minority founding investment in Rivers Casino.