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Pennsylvania casinos carry more regulation costs

HARRISBURG, Pennsylvania – As reported by the Pittsburgh Post-Gazette: "Regulating the state's casino industry will cost $52.6 million in the fiscal year that starts July 1, an expense that slots operators initially expected to share 14 ways.

"But instead of having 14 slot machine casinos up and running, only two racetrack/casinos are now operating, with a third to open later this month south of Philadelphia and a fourth, at a new racetrack in Erie, expected to open next month. That means a bigger share of the financial burden for each of the casinos that are in operation, unless the Pennsylvania Gaming Control Board takes action.

"Gaming board officials said yesterday they're considering ways to mitigate costs for the first casinos to open so they don't bear certain startup costs that their competitors, who will open later, wouldn't have to pay.

"…Currently, each casino that begins operation must deposit $5 million in a separate account…"

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