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In the eastern American state of Pennsylvania and Greenwood Gaming and Entertainment Incorporated has reportedly been awarded with a license to bring a 73,000 sq ft ‘satellite casino’ to the community of Shippensburg.
According to a report from the Bucks County Courier Times newspaper, the unanimous decision from the Pennsylvania Gaming Control Board comes almost four years after the casino operator paid approximately $8.1 million so as to secure the Category Four gambling license for Cumberland County and the coming Parx Casino Shippensburg.
Dominant destination:
Bensalem-headquartered Greenwood Gaming and Entertainment Incorporated has reportedly been responsible for the giant Parx Casino property since 2009 and saw this suburban Philadelphia venue generate more than $56 million in November receipts so as to maintain its status as the state’s most profitable gambling establishment.
Tentative timeline:
The Philadelphia Inquirer newspaper reported that the GW Cumberland Operating Company subordinate of Greenwood Gaming and Entertainment Incorporated now intends to begin a $65 million renovation of a former Lowe’s Home Supply store in the Shippen Town Center shopping complex from next month in hopes of opening its Parx-branded miniature casino for Shippensburg by the end of the year.
Economical enterprise:
John Dixon serves as the Chief Operating Officer for Greenwood Gaming and Entertainment Incorporated and he reportedly explained that his company’s coming Cumberland County ‘satellite casino’ will contain a complement of some 500 slots alongside a restaurant, a sports bar and a selection of gaming tables offering roulette, baccarat and blackjack tables with remote dealers. The executive purportedly moreover disclosed that the envisioned facility could create as many as 125 full-time jobs and will look to secure a state-sanctioned sportsbetting license.
Burgeoning business:
The Philadelphia Inquirer reported that the coming Shippensburg Parx property will become the fifth ‘satellite casino’ to open in Pennsylvania following the signing by Governor Tom Wolf of expanded gaming legislation in October of 2017. Three such venues in Westmoreland County, Berks County and York County have already opened while local entrepreneur Ira Lubert is purportedly intent on premiering a fourth analogous enterprise in Centre County run by Bally’s Corporation before the conclusion of March.
Lucrative landscape:
Finally, the Bucks County Courier Times reported that the Pennsylvania Gaming Control Board recorded a rise of 52% year-on-year in the state’s aggregated November gross revenues from gaming and fantasy contests to an all-time high of almost $432.5 million. The newspaper disclosed that this tally incorporated receipts from a wide range of entertainments including slots, gaming tables, online gaming, sportsbetting and video gaming terminals.
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