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Subject: STP

Bid for Fourth Category 4 Casino Auction Invalidated by PGCB; Announcement of Next Highest Bid to Take Place Tomorrow


HARRISBURG, Pa., Feb. 21, 2018 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board's Executive Director Kevin O'Toole announced this afternoon that the location of the bid submitted today by Sands Bethworks Gaming, LLC for a Category 4 casino location intruded upon the reserved area of a previously secured Category 4 location held by Mount Airy #1, LLC.

Given that the location is non-conforming to Act 42's requirements, the bid has been therefore invalidated and Executive Director O'Toole will proceed to consider the award for the fourth Category 4 casino auction to the second and only other bidder, Greenwood Gaming and Entertainment, Inc.

Representatives of the Gaming Control Board will reconvene at 10:00 a.m. on Thursday, February 22, 2018 in its Harrisburg Public Hearing Room in Strawberry Square for the purpose of announcing the winning bid amount and opening the location affidavit envelope.

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry, along with oversight of new gaming initiatives to the Race Horse Development and Gaming Act recently approved through the signing of Act 42 of 2017.

The Commonwealth's casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 18,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB's gaming regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS:  Doug Harbach or Richard McGarvey
(717) 346-8321

SOURCE Pennsylvania Gaming Control Board


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