That good news must be taken with a grain of salt, however, because table game revenues in April were less than a third of the overall take from slots, which are taxed at a much higher rate.
Sugarhouse casino officials say construction should take about two years now that the Pennsylvania Gaming Control Board has approved a revised plan to expand their waterfront casino.
What led to the sudden change of heart is not clear.
“Only the green roof parking garage saves it from an F” in their report card on the applications, the group’s spokeswoman said.
Fantasy sports enthusiasts will be able to place bets on the results of matchups between their (nonexistent) teams, but it won’t be taxed like gambling.
Pinnacle spent over $270 million to buy the former Sands hotel-casino, and millions more to implode it, with plans for a mega-casino that never got off the ground.
New Jersey legislators have once again approved a plan to allow for online gambling within the state. And this time, proponents expect Governor Chris Christie to approve it.
Gov. Chris Christie has vetoed a bill that would have made New Jersey the third state to legalize gambling over the Internet, but he says he will support such a law if it were put on a 10-year trial period.
Dr. Walter Lomax began with a small private practice in South Philadelphia and now controls a business empire that includes real estate, venture capital, and media.
Revenue at Atlantic City’s casinos fell 8 percent in 2012, to just over $3 billion. It was the sixth straight annual decline.
The Pennsylvania Gaming Control Board has scheduled three days of events: an information-only presentation in February to be followed by two days of public hearings in April.
“We are in a different position than we were back in 2006,” says Pennsylvania state senator Larry Farnese.
The Bucks County Redevelopment Authority has awarded more than $3.8 million in “casino impact grants,” funded through taxes on the slot machines.
The Pennsylvania Gaming Control Board says it has received six applications for Philadelphia’s second casino license — including one that wasn’t on the radar screen until now.
“If the city is going to have a casino, then we should maximize the benefit to the city from that casino,” says a spokesman for US Rep. Bob Brady.
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