Pair Of PA Casinos Granted Table Games

The Pennsylvania Gaming Control Board gave approval today for a pair of Pennsylvania Casinos to conduct

table games.

Downs Racing, LP, operators of Mohegan Sun at Pocono Downs in Luzerne County, and Greenwood Gaming and Entertainment, Inc., operators of parx casino/Philadelphia Park Racetrack in Bucks County, were the first two licensed slots facilities in the Commonwealth to receive Board approval for table games. Both expect to offer live table games some time mid-year 2010.

Officials from the two casinos told the Board at its public meeting today that together they would create almost 1,000 new full-time jobs to support their expansions into table games. In addition, each informed the Board that it has the financial wherewithal to pay the state-mandated $16.5 million table games fee by June 1st of this year and will dedicate millions of additional dollars toward construction at their facilities to accommodate table games.

Pennsylvania Gaming Control Board Chairman Greg Fajt said that this approval is just one step in the process of getting table games up and running in Pennsylvania. According to Fajt, casinos must still meet obligations under its internal controls, gain approval of staffing levels and gaming floor plans, and satisfy Board regulations and any conditions that may be placed on the table games certificate.

“The Board and the casinos still have a tremendous amount of work in front of them before the public will be able to enjoy table games,” said Fajt. “Everyone is working well together to move this process along, but the expectation is that it will still take three to six more months until table games are operating.”

“The public is instrumental in this process and we look forward to hearing from others throughout the state as more hearings are held in the coming weeks on the issue of approving table games at the individual casinos,” Fajt added.

Details of Mohegan Sun at Pocono Downs Table Games Startup Proposal:

• Banking Games – 65 total consisting of 46 Blackjack tables, 4 Craps tables, 4 Roulette tables, 4 Three-Card Poker tables, 2 Mini Baccarat tables, 2 Pai Gow Poker tables and 3 Spanish 21 tables

• Non-Banking Games - 16 Poker Tables

• Fully Automated Electronic Gaming Table - 1 Blackjack Machine

• Additional Jobs to be Created by Table Games – 596 full-time

• Estimated yearly taxes generated to Commonwealth from table play - $6.6 million

• Table Games Training – provided at facility

(Pennsylvania Gaming Control Board)

Comments

Do the table games contribute to racing purses the same as slots, thereby creating a potential purse increase? If not, the action might reduce slot play and then purses would suffer.

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