Lack of interest thwarts latest Pennsylvania casino auction

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LAS VEGAS, NV – JANUARY 26: Bettors line up to place wagers after more than 400 proposition bets for Super Bowl LI between the Atlanta Falcons and the New England Patriots were posted at the Race & Sports SuperBook at the Westgate Las Vegas Resort & Casino on January 26, 2017 in Las Vegas, Nevada. […]

HARRISBURG, Pa. (AP) — Lack of interest has thwarted Pennsylvania’s latest casino expansion attempt.

The Pennsylvania Gaming Control Board on Wednesday received no bidders for a casino license auction ordered by lawmakers as part of an aggressive gambling expansion launched by a cash-hungry state government.

Pennsylvania is already the nation’s No. 1 state in tax revenue from casino gambling. But lawmakers in 2017 authorized the auction of 10 mini-casino licenses to help plug a budget hole.

The first five auctions raised $127 million. Wednesday’s auction was the gaming board’s second unsuccessful attempt to auction a sixth license, and there are to be no further auctions under current law.

The auction was limited to owners of Pennsylvania’s full-size casinos. Minimum bids were set at $7.5 million and potential locations were limited to parts of northern and central Pennsylvania.

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