The PA Gaming Control Board Friday announced a “subsequent round” of Category 4 Casino Auctions will begin on March 21. That decision comes after Friday’s auction concluded with no bids being received for a Category 4 Casino License.
The State’s Gaming Law establishes that a “subsequent round” of auctions will be held if all 10 available licenses are not auctioned off in the initial round.
The Board’s procedures for the auctions provides, “If at any time there are no required minimum bids made at an initial auction, the Board will consider the initial auctions to be completed,” and thereafter, the Board will schedule the first of any “subsequent auctions.”
In this second round of auctions, the two holders of a Category 3 Slot Machine License (Valley Forge Casino Resort and Lady Luck Casino Nemacolin) may participate in conjunction with all the Category 1 or 2 License holders, even if those holders have already won a Category 4 Casino Auction.
The subsequent round of auctions will start on March 21 at 10:00 a.m. prior to the start of its Board meeting. The meeting will be held in the PGCB’s Office of Hearings and Appeals located in the Strawberry Square Complex, 2nd Floor (adjacent to the Food Court), Harrisburg.
The Board plans to continue to hold auctions if eligible bidders continue to submit qualified bids which start at $7.5 million to reserve a geographic area within which a Category 4 Casino could be placed.
The schedule of second round of auctions to be held in the Board’s Public Hearing Room are as follows: March 21; April 4; April 18; May 2; May 16; and May 30
The start time for all auctions will be 10:00 a.m. with the dates subject to modification at the Board’s discretion and as circumstances dictate.
Any modification of the dates will be posted to the Board’s website. The Board will stream the auctions live via its website.
Fantasy Sports
The PA Gaming Control Board Friday announced license applications for entities interested in offering fantasy sports contests are available. Applications will be accepted starting March 19.
Click Here for Fantasy Sports license applications.NewsClips:
AP: PA’s Lucky Streak Ends In Bids For Mini-Casinos
New Twist In Mini-Casino Auction: No One Submits A Bid
