Pennsylvania’s second mini-casino license auction resulted in another major payday for the state.
On Wednesday, the Pennsylvania Gaming Control Board announced that Stadium Gaming LLP had won the state’s second Category 4 casino license auction. Stadium’s winning bid of $40,100,005 was sufficient to fend off three unidentified rival bidders (and we really hope that extra five bucks was what sealed the deal).
Stadium Gaming is the joint venture of the Cordish Companies and Greenwood Gaming & Entertainment. The latter firm operates the state’s market-leading Parx Casino in Bucks County, and Stadium Gaming is also currently building the $600m Live! Hotel & Casino Philadelphia.
Stadium Gaming’s new Cat 4 venue will go somewhere near Derry Township in Westmoreland County in the western half of the state, not far from Pittsburgh. Stadium spokesperson Carmen Gonzales promised area residents a “world-class gaming and entertainment venue” along with “thousands of new excellent jobs.”