Philadelphia’s Stadium Casino is more than a year away from opening its
doors to the public, but it may be taking bets long before the paint is
dry in the new virtual world of online gaming.popular casinos
The Pennsylvania Gaming Control Board on Wednesday granted a
sports-betting certificate to Stadium Casino LLC, which allows it to
begin accepting sports wagers online in the next few months. That means
patrons may be placing sports bets with the long-awaited Live! Casino
& Hotel Philadelphia at 900 Packer Ave. in the stadium district,
even before building is finished.The gaming board sided with the
casino’s owner, Cordish Gaming Group of Baltimore, which argued that the
2017 state law legalizing sports betting did not prohibit a casino from
launching online before its brick-and-mortar facility is operating. The
gaming board’s staff recommended that the casino must be operating a
retail sportsbook before it launched its internet betting service, the
pattern set by 10 other casinos that have been approved for sports
betting.
Cordish says it is moving rapidly to open the city’s second casino
by the end of 2020, and plans a topping-off ceremony Thursday to mark
the completion of the steel structure of the 160-foot-high, 12-story
hotel.
Cordish officials told the gaming board Wednesday that they were in
the final stages of negotiating an agreement with an operator of its
sportsbook.
The gaming board’s decision will allow Stadium Casino to begin to
earn a return, sooner rather than later, on the $10 million
sports-betting fee the state assesses.But the gaming board deferred a
decision on whether the casino operator’s pricey sports-betting license
will also apply to a “mini-casino” it is building in Westmoreland
County, in Western Pennsylvania.
Cordish had sought approval to extend its sports-betting privileges
to Live! Casino Pittsburgh, which will break ground in a few weeks in
the Westmoreland Mall near Greensburg. The casino, which will be built
in a former department store, is one of five satellite casinos that the
state has allowed under the 2017 expansion of Pennsylvania’s gaming law.
The gaming board staff recommends that operators need to pay a
second $10 million license fee to operate a sportsbook at a satellite
casino. Cordish officials said they assumed that when they bid $40.1
million last year for the mini-casino license, it included
sports-betting privileges licensed at the home casino. They said an
additional $10 million fee would be “economically unjustifiable.”
Three Westmoreland County elected officials, State Sen. Kim Ward,
State Rep. George Dunbar, and Hempfield Township Supervisor Rob Ritson,
told the gaming board that the sportsbook would add an important
dimension to the casino that is regarded as a big economic boost in the
region. Casino officials said the sportsbook would employ 50 people --
30 in Philadelphia and 20 in Westmoreland County. Ward and Dunbar said
the 2017 state law was passed before the U.S. Supreme Court legalized
sports betting last year, and it was ambiguous about whether the
sports-betting licenses would also extend to mini-casinos.
Cordish argues that operators of racetrack casinos are currently
allowed to operate sportsbooks at their off-track betting satellite
facilities under the home casino’s license -- Parx Casino in Bensalem
operates sportsbooks in South Philadelphia and in Valley Forge. It would
create a world of haves and have-nots if the state required
non-racetrack casinos to pay an additional fee for sports betting,
Cordish says.
