PA Gaming Control Board Schedules Public Hearing on Stadium Casino Ownership

HARRISBURG, Pa., July 13, 2017 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today announced that it has scheduled a public hearing on Monday, July 31, 2017 for the purpose of receiving additional evidence regarding the ownership of Stadium Casino, LLC which had previously been selected by the Board to be awarded the second Philadelphia casino license.

The hearing is in response to a June 20, 2017 opinion by the Pennsylvania Supreme Court in relation to appeals of the Board's licensing decision.  The Court agreed with the Board on two key issues raised in the appeal, but remanded to the Board for the taking of additional evidence  in order  for the Board to make a determination whether Stadium Casino, LLC principal Watche Manoukian, who holds a controlling interest in the license for Parx Casino, possesses a financial interest in the proposed Stadium Casino, LLC project that would exceed the 33% ownership cap in a second casino as provided by the Pennsylvania Race Horse Development and Gaming Act.

The hearing, which will begin at 2:00 p.m., will be held in the Board's Public Hearing Room on the second floor of Strawberry Square in Harrisburg, The hearing will be streamed live on the Board's web site, www.gamingcontrolboard.pa.gov.

Copies of the Court's opinions are also available on the web site homepage under Quick Links.

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry. There are 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 regulatory efforts and Pennsylvania's casino 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

Related Links

http://www.gamingcontrolboard.pa.gov