Report: Pennsylvania Casinos Not Interested In Serving Alcohol 24/7Casinos Think $1 Million Is Too Expensive For The License |
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In addition to putting the finishing touches on a plan for online casinos, Pennsylvania lawmakers recently allowed the state’s 12 brick-and-mortar casinos to apply for a 24/7 liquor license. However, that plan might be a dud.
According to a report from The Morning Call, casino licensees don’t appear interested in paying $1 million to be able to serve alcohol between 2 a.m and 6 a.m. The CEO of the Sands Casino, one of the largest gambling facilities in the state, said that the plan from the legislature “doesn’t make a lot of sense” for the gambling industry.
The law called for a $1 million annual renewal fee for four years, with the annual fee dropping to $250,000 after that. Lawmakers reportedly are looking into revising the law to lower the initial fee to $500,000 and the renewal fee from the get-go to $250,000.
It still might not be as a successful as originally thought, however. The Hollywood Casino in Grantville told The Morning Call that it “probably wouldn’t take a license if they were free.”
Pennsylvania’s 12 brick-and-mortar casinos won $3.2 billion from gamblers in the 2015/16 fiscal year ending last month. The amount was a 3.6-percent increase compared to the FY 2014/15 and also a record high. Table games grew eight percent year-over-year, while slots increased 2.3 percent.
Despite a growing gambling market, Pennsylvania is in a region with a lot of new casino construction, especially in neighboring New York.
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