The PA Gaming Control Board Thursday announced its third auction for a mini-casino license resulted in a high bid of $21.1 million from Mount Airy #1, LLC for a casino location in New Castle, Lawrence County.
This brings the total earnings from the three auctions so far to over $110.1 million.
Mount Airy #1, LLC is required to pay the bid price to the Commonwealth within two business days, and then has up to six months to submit an application for the Category 4 Slot Machine License.
The application will contain the precise site of the proposed Category 4 casino, as well as detailed plans and information concerning the proposed building plan, amenities, employment projections and other related information. Once the application is received and determined to be complete, the Board will post public information about the project on its website for interested persons to review.
A Category 4 Slot Machine License would permit the entity to operate between 300 and 750 slot machines. The entity could also petition for permission to initially operate up to 30 table games for an additional fee of $2.5 million with the capability of adding an additional 10 tables games after its first year of operation.
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