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Pennsylvania Board Passes Regulations

PENNSYLVANIA – As reported by the Pittsburgh Post-Gazette: "The state Gaming Control Board issued regulations this month which mean anyone who owns a license for a slot machine casino in the state will be able to hold an interest of as much as one-third in any or all of the other 13 casinos in the state.

"The ruling by the board is good news for Harrah's Entertainment Inc. The decision clears the way for the gambling powerhouse to own part of a proposed casino at Station Square while keeping a 50 percent interest in and being licensed to operate a proposed racetrack and slots parlor being built in Chester, Delaware County.

"But Harrah's isn't the only one affected. The regulation opens the door for other gambling companies and investors to own up to a third of every other slot machine casino in the state.

"The Nov. 17 decision by the state Gaming Control Board appears to be in keeping with the intent of the state law legalizing slots gambling, which contained a provision allowing an operator of one casino to own up to a third of every other.

"…The Pennsylvania Thoroughbred Horsemen's Association fears the regulation will open the door for one company to monopolize the state slots gambling industry and will funnel business away from the seven racetrack casinos. It said the regulation could detract from a primary purpose of the slots act, which was to boost the horse racing industry in the state…"

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