Casino Gambling to Save Pennsylvania
The cash strapped Pennsylvanian state government is to receive a financial boost from the increasing of the stat’s gambling revenue. After an ongoing legal dispute legislative leaders have resolved a key issue blocking the expansion of the gambling industry in the state.
This breakthrough will allow new applicants to take hold of Pennsylvania’s remaining resort casino license as well as allowing the potential for a new license to be granted in 2017. The extra gaming revenue that would be created by allowing a new casino to open would provide a huge boost to the local government and mean that cut backs and staff redundancies may not need to happen. Indeed, Ed Rendell commented last week that, without the additional gambling revenue promised by the bill's passage, he would have to cut spending, including the layoff of more than 1,000 state employees beginning Jan. 11. One potential operator has already expressed an interest in acquiring the license. David LeVan and business partner Joseph Lashinger have recently won the right to buy local hotel property with a Category 3 license which means they could develop their hotel to include an additional casino complex and legally operate 500 slot machines.
The full details of the situation have yet to be settled but all the signs are that a new casino will be allowed in the state, something that will come as a relief to many local government officials.