..

PA Casinos Not On Board With Internet Gambling

Written by:
Guest
Published on:
Jun/05/2017

On the surface at least it appeared as if Pennsylvania would be the next state in the US to legalize online gambling.  But don’t tell this to the land-based casinos that would hold the licensing rights to operate said virtual gaming sites.

The Morning Call of Allentown, PA featured a piece Monday morning questioning what benefits, if any, would come to the likes of PA’s biggest land-based casino property, Bethlehem Sands. 

Several casinos said the gambling expansion bill is a nonstarter, largely because its 54 percent tax rate on most of the proposed internet gambling is too high for them to make money. So they're not willing to buy the $5 million licenses that would make up the bulk of the new revenue. If the casinos would bite, legislators estimate the bill could generate as much as $146.6 million for the 2017-18 budget. That would go a long way toward filling a projected $3 billion deficit in the next fiscal year, which begins in July.  But if no casinos buy in, it would leave a shortfall of up to $120 million in the Senate's projections.

Eric Schippers, spokesman for Hollywood Casino at Penn National Race Course in Dauphin County, also expressed concerns that more than 80 percent of the projected revenue would come from Internet gaming licenses that casinos aren't interested in.

"If this bill passes as is, you're going to hear crickets, because no casino is going to buy a license," Schippers said. "It's 24-hour liquor sales all over again."

- Aaron Goldstein, Gambling911.com

Gambling News

SBR Suspends Rating on 5Dimes, No Likelihood of Remaining in Business

SBR Suspends Rating on 5Dimes, No Likelihood of Remaining in Business

From an A+ to an Incomplete in just a matter of days, Sportsbook Review last week suspended its rating for 5Dimes as complaints mount that the company will not be honoring pending future wagers upon shutting off to the US market on Monday September 21, 2020.

New Sportsbook in USA Gets Cozy With Established Players

New Sportsbook in USA Gets Cozy With Established Players

A new US-licensed sportsbook plans to focus heavily on value.  Vigtory announced its new partnership with data and digital content provider Sportradar.

Can I Bet With MyBookie.ag From Connecticut

Can I Bet With MyBookie.ag From Connecticut

You can bet on MyBookies.ag from Connecticut courtesy of BetOnline, which offers a generous welcome bonus ($1000 max bonus).

Can I Bet With MyBookie.ag From Indiana?

Can I Bet With MyBookie.ag From Indiana?

Indiana is set to begin offering mobile betting via in-state licensed apps, though diehard sports bettors regard the overseas sportsbooks as the crème de la crème. 

Draftkings Week 2 Losses Staggering

Draftkings Week 2 Losses Staggering

Draftkings was among the sportsbooks that took a hit in Week 2 of the NFL.

Syndicate