Parx Files an Online Casino Application in the Keystone State
Last October, the state of Pennsylvania passed a gambling bill that was designed to expand the casino and race track industry in a number of different ways including online gambling within the Pennsylvania state borders.
Even though the process for applying for an interactive gaming license was put into place earlier this year, no gaming company stepped up to take the plunge in this rapidly growing segment of the real money gambling industry.
When Will Parx Have There Online Casino?
That all changed earlier this month according to the state website PlayPennsylvania.com. Greenwood Gaming and Entertainment is the parent company of Parx Casino. According to the report, the company filed an application with the Pennsylvania Gaming Control Board (PGCB) on July 12 in hopes of gaining all three interactive gaming permits.
The application fee could have been seen as a deterrent to the business set at $10 million for all three licenses, but as part of the deal, Parx will soon be able to offer online poker, online slot machines, and online table games through its internet casino site.
Also announced in the PlayPennsylvania report was an agreement between Parx Casino and casino software company GAN, who will work directly with Parx to build and run the site. Back in 2015, these two companies joined forces to launch an online site that offered free-money casino-style gambling.
GAN also has previous experience with real money online casinos in other parts of the country. The company is behind Betfair’s online casino in New Jersey and more recently it was involved with the real money online gambling operation at the new Ocean Resort Casino in Atlantic City. The former Revel Casino on the famed Boardwalk reopened its doors to casino patrons on June 28 and the soft launch of the resort’s online casino site made its debut last week.
GAN comes into its latest real money gambling endeavor with a proven track record of success
Registered with the PCGB as a publicly traded public service provider, GAN comes into its latest real money gambling endeavor with a proven track record of success.
Parx was actively lobbying against the proposed PA gambling expansion measure this time last year. It had already established itself as the highest grossing revenue casino in the state, so its goal was to maintain the status quo. Parx gave up the fight when it knew the measure was going to pass into law, but it remains very vocal in the state when it comes to the regulations surrounding any real money gambling expansion.
It fought hard to limit the number of skins on an online gaming license and mobile sports betting application and won a key decision on regulatory control. Online skins will be required to feature the land-based casino’s brand name prominently on the site. This will hold true for sports betting sites as well.
Now that the first domino has fallen in PA’s online casino application process, the speculation as to who is next has begun. The original process earmarked July 15 as the last day to bundle all three online licenses together at a cost of $10 million. Applications can still be received, but the cost would now be $4 million for each of the three forms of online gambling.
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