February 8, 2018: Mount Airy #1, LLC which operates the Mount Airy Casino Resort, was the high bidder with a bid of $21,188,888.88.
As a result, Greenwood Gaming and Entertainment, Inc., which runs the Parx Casino in Bucks County, secured its location and placement of a Category 4 casino somewhere within a 15-mile radius area with a center point in South Newton Township.
Municipalities in the area of South Newton that have not opted out, according to the board's list, are Shippensburg Township, Southampton Township, Upper Mifflin Township, Hopewell Township and Upper and Lower Frankford townships.
The gaming board says it will meet Thursday to consider the second bid for the license, submitted by suburban Philadelphia's Parx Casino, which is controlled by London-based businessman Watche Manoukian. The new casino could become the fourth in Pennsylvania in which Manoukian has a stake, although three of the four remain unbuilt. Penn National Gaming, owner of the Hollywood Casino in Grantville, had the highest bid in the first auction and chose a location centered near Yoe, in York County.
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 gambling expansion law estimated $100 million could be generated if all 10 slot and table games licenses were sold at the minimum asking price of $7.5 million and $2.5 million, respectively.
Although it was the victor in the state's fourth license auction, held Wednesday, Greenwood was the second-highest bidder.
Bids are limited for now to the owners of Pennsylvania's 11 casino licenses that allow holders to operate up to 5,000 slot machines and 250 table games.
Call it mini-casino auction No. 4, part two.
Bensalem-based Greenwood Gaming & Entertainment Inc., which is developing the Stadium Casino project at 900 Packer Ave. with Cordish Cos. of Baltimore, bid $8.11 million for the "Category 4" gaming license, with plans for a casino in or near South Newton Township, Cumberland County, the Pennsylvania Gaming Control Board said in a release Thursday.
Collectively, winning companies have bid almost $120 million for the right to build four mini-casinos.
A Category 4 Slot Machine License would permit the entity to operate between 300 and 750 slot machines.
The application will contain the precise site of the proposed Category 4 casino, as well as detailed plans and information concerning the proposed building plan, amenities, employment projections and other related information.
Additional information on the Category 4 auction process is available on the Board's web site at www.gamingcontrolboard.pa.gov.