In addition to putting the finishing touches on a plan for online casinos, Pennsylvania lawmakers recently allowed the state’s 12 brick-and-mortar casinos to use for a 24/7 liquor license. However, that plan could be a dud.
According to a report from The Morning Call, casino licensees don’t appear enthusiastic about paying $1 million so to serve alcohol between 2 a.m and six a.m. The CEO of the Sands Casino, one of the vital largest gambling facilities within the state, said that the plan from the legislature “doesn’t make numerous sense” for the gambling industry.
The law called for a $1 million annual renewal fee for four years, with the once a year fee dropping to $250,000 after that. Lawmakers reportedly are looking into revising the law to lower the initial fee to $500,000 and the renewal fee from the get-go to $250,000.
It still may not be as a successful as originally thought, but the. Hollywood Casino in Grantville told The Morning Call that it “probably wouldn’t take a license in the event that they were free.”
Pennsylvania’s 12 brick-and-mortar casinos won $3.2 billion from gamblers within the 2015/16 fiscal year ending last month. The quantity was a 3.6-percent increase in comparison to the FY 2014/15 and likewise a record high. Table games grew eight percent year-over-year, while slots increased 2.3 percent.
Despite a growing gambling market, Pennsylvania is in a region with a large number of new casino construction, especially in neighboring New York.
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