Pennsylvania's 5th casino license auctioned off

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The 5th mini-casino license in Pennsylvania was granted to the driver of Hollywood Casino at Penn Nationwide Race Course, Mountainview Thoroughbred Racing Organization, by the Pennsylvania Video pc gaming Control Board (PGCB) on Wednesday.

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The $7,500,003 quote by the subsidiary of Penn Nationwide Video pc gaming, Inc. sufficed to secure a website for positioning of a Category 4/mini-casino in a 15-mile radius location with a facility point in West Cocalico, Lancaster Region. It was the second winning quote for Hollywood Casino, having actually won the right to develop a casino close to the Borough of Yoe in York Region, with a $50,100,000 million quote in January at the first public auction.

Penn Nationwide said, "We attract a great deal of business to Hollywood Casino from the Reading and Lancaster locations, and this place will permit us to better protect our market while enabling us to penetrate further right into the more populated locations in the western Philadelphia environments," inning accordance with PR Newswire.

Along with being the 6th public auction, it was also the first one where previous champions could quote momentarily time. A minimal quote of $7.5 million is required from casino proprietors, that must also define coordinates to consist of the region and municipality to take part in the bidding process process. The selected Category 4 place functions as the facility point where the 15-mile radius is calculated and where the mini-casino must lie. Furthermore, the chosen place must not lie within a municipality that has opted bent on function as a hold community.

A Jan. 10 public auction net Mountainview Thoroughbred Racing Organization, LLC (Hollywood Casino) the first Pennsylvania-area satellite property for Yoe, PA in York Region, with a winning quote of $50,100,000.

Arena Gambling establishments LLC (Philly Live! Casino) quote $40,100,005 on Jan. 21 in the second public auction protecting the satellite place of Derry, PA in Westmoreland Region.

The 3rd public auction was won by Mount Ventilated #1 LLC (Mount Ventilated Casino Hotel) on Feb 8 with a quote of $21,888,888.88 for the satellite place of New Castle, PA in Lawrence Region.

On Feb. 21 a winning quote of $9,885,000 was sent by Sands Bethworks Video pc gaming, LLC, however, because of the place chosen by Sands whose radius where the company could develop overlapped with Mount Airy's website, the quote was nullified by PGCB. The next day, Parx Casino's $8,111,000 quote won it the satellite place of Southern Newton, PA in Cumberland Region.

After an extended damage because of bad weather, this month the succeeding rounded of public auctions were underway, however, they just produced one prospective buyer. West Cocalico Town, PA is the second satellite property secured by Mountainview Thoroughbred Racing Organization, LLC.

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