The Pennsylvania Gaming Control Board (PGCB) denied on Wed Cordish Companies’ petition to intervene in the state’s consideration of issuing a Category 4 “mini-casino” licence to SC Gaming OpCo, LLC.
SC Gaming was founded inward 2020 by William Penn State alum Ira Lubert. Because Lubert holds a 3% ownership posture in Rivers Casino Pittsburgh, the businessman qualified to entreat during the PGCB’s Category 4 auction bridge one shot inwards Sept 2020. Lubert emerged as the superior with a winning adjure of $10,000,101.
Lubert’s bid outbid a separate strategy submitted by Cordish. Lubert has since partnered with the Bally’s Corporation inward proposing a $123 billion project, inclusive of the $10 billion licensing fee, to transition the former Macy’s department store at the Nittany Mall near William Penn State University into a casino with as many 750 one-armed bandit machines, 30 tabularise games, and a sportsbook.
Cordish has raised sound concerns that Lubert’s winning conjure was unjust because he had an agreement inward localize with Bally’s before the auction. Bally’s was barred from participating inward the auctioneer because the accompany didn’t assemble the qualifying criteria of already operating a cassino in the commonwealth or existence a tonality possessor of a state-licensed casino.
Petition Denied, Time Granted
Cordish believes Lubert violated PGCB auction off rules past agreeing beforehand of the bidding to impart his Category 4 mini-casino to certify to Bally’s should his offering prevail. The Baltimore-based manipulator of Live!-branded casinos inward Maryland and Keystone State filed a petition to intervene with the PGCB in July 2021.
Cordish’s attorneys argued that Lubert didn’t hold for the permission past himself, which was in violation of the 2017 amendments to the Pennsylvania Gaming Act that authorized the artificial satellite casinos.
“Lubert in effect created an investiture vehicle with persons who deficiency ‘an ownership interest group inwards a slot simple machine licensee,’ side-stepping the eligibility requirements. What Lubert did violates the Gaming Act and voided SC Gaming’s application, vitiating the Board’s authorisation to still turn over it,” Cordish’s effectual team argued inwards the petition before the PGCB.
A granting of a petition to step in would experience afforded Cordish — operating inward PA as Stadium Casino, LLC — the same rights, powers, and duties as Lubert and Bally’s inwards the state’s thoughtfulness of the State College gambling casino project. Gaming regulators decided against Cordish’s plea for inclusion.
The discovery requests proposed inwards the Petition to Intervene by Stadium Casino … are DENIED,” the PGCB prescribe dated December 14 read.
The PGCB ruling wasn’t a amount red ink for Cordish. The gameboard granted Cordish “intervenor status” and will provide the companion with 15 minutes to address the room during SC Gaming’s licensing hearing. That sense of hearing will take position sometime next year.
Legal Battle Could Stall Casino
Cordish’s effectual options are certainly not washed-out with the PGCB refusing its petition to intervene. The Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh manipulator put up appealingness the PGCB ruling to the Commonwealth Court and land Supreme Court.
Those appeals could drop back on for years, said attorney St. Mark Aronchick, who is representing Cordish inwards the matter.
The aim of the statute is to ensure that no more cannibalization of gaming would come with unexampled operators,” Aronchick said today during the PGCB meeting regarding the state’s conclusion to only if take into account electric current casinos and their ownership entities and/or individuals to play on the satellite opportunities.
“There are ruby-red flags galore,” Aronchick concluded.
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