Presque Isle, Mohegan Sun Apply for Multiple Online Gaming Licenses
The period for applying for online gaming licenses has just ended, and it appears that two additional casinos, Presque Isle Downs and Casino and Mohegan Sun Pocono, have joined the other nine Pennsylvania land-based casinos to obtain online gaming licenses.
Changes in Pennsylvania Gaming
The casinos had until the middle of July to apply for licenses using the early-bird fee deadline. All 11 casinos paid between $3 million and $4 million for licenses, and they had a choice of a license for table games, slots, or poker, or all three. Since online gaming was legalized in the state in October 2017, Pennsylvania has already profited $110 million from online gaming, without any online sites going live.
Presque Isle Downs and Casino
Presque Isle Downs and Casino, which was recently purchased by Churchill Downs Inc. for nearly $180 million, gave the state of Pennsylvania $8 million for gaming licenses for table games and slot machines. Churchill Downs has been on a bit of a buying spree as of late. In addition to its purchase of Presque Isle, the company also entered into a partnership with the Golden Nugget Casino in New Jersey in order to offer additional sportsbooks in Atlantic City. In addition, Churchill Downs entered into an agreement with SB Tech, which is an iGaming platform provider, because it appears that eSports are the next big thing. While it was anticipated that Churchill Downs was preparing to get a sportsbook license in Pennsylvania (at $10 million), it was not expected that the company would be as interested in online poker, especially since there are already other poker companies in the state, including the largest online poker company in the world, PokerStars.
Presque Isle is a racetrack and a casino located on the shores of Lake Erie. The mile-long racetrack features thoroughbred horse races during the year, as well as 1,700 slot machines. As Presque Isle moves toward a full-fledged casino outlook, the facility has added 20 table games. In order to increase the number of people who will stay and play longer than a few hours, there are plans to add a hotel and spa on the site in the future.
Mohegan Sun Pocono
The Mohegan Sun Pocono, owned by the Mohegan Tribe, paid $12 million in the state for casino licenses that will allow it to operate all the casino games, slots, and poker online. The Pennsylvania racino has room for 2,300 slot machines and table games and is located in the tourist-friendly Pocono Mountains. The racetrack, which the tribe bought in 2005 for $280 million, also has plans to make further additions to the landscape, including a spa and a hotel in the next 10 years. The Mohegans also own casinos in Connecticut and New Jersey. The Mohegan Sun in Uncasville, Conn., is the third largest casino in the United States.
The casino has expressed interest in applying for additional licenses since the Pennsylvania government declared the licenses for online gaming would become available. The Mohegan tribe is already familiar with the online casino game. It launched an online casino site in New Jersey in 2015. The casino did not announce a partnership for online gaming, but it is anticipated that the casino will continue to partner with SG Digital. It is already in a partnership with that company for its online site in New Jersey. While the Mohegan Sun is partnered with PokerStars in New Jersey, it is doubtful that this partnership will continue in Pennsylvania because PokerStars has signed an agreement to offer its product through a different casino, the Mount Airy Casino Resort.
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Grayson met Thomas Winston at university and has stayed in touch ever since. Now living and working in America as a logistics specialist, Grayson has long shared Thomas’ love of real money online casino games but prefers roulette and craps to blackjack. She signed on readily as a contributor when Thomas told her he was planning to launch the Top Casino Picks site to share her experience, tips and tricks, when it comes to real money online casinos.
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