In January, Penn National became the first Pennsylvania casino to win an auction for a mini-casino license, when they bid over $50 million for the rights to place a mini-casino year York, PA. Now the company has finalized the location of the yet-to-be-built casino.
Last week, the Wyomissing-based company announced that they had filed an application with the Pennsylvania Gaming Control Board (PGCB) to place the new casino at the York Galleria Mall located in the Springettsbury Township.
A brief look at Hollywood Casino York
Hollywood Casino York, as it is being called, will be built for nearly $120 million. This figure includes $52.6 million in license fees from the category four license that allows the casino to offer slot machines and table games.
Once the casino has received approvals and final licensing by the PGCB, it will be anywhere from 12-18 months for construction be complete, likely putting the launch of the casino well into 2020.
When complete, the casino will include 500 slot machines and 20 table games. The casino is allowed to offer 750 slot machines and 40 table games per the terms of the license. In addition to gambling, Hollywood Casino York will house a sports bar as well as a casual dining restaurant, an entertainment lounge, and a fast-dining restaurant.
Timothy J. Wilmott, the CEO of Penn National Gaming said that the company was happy with the location it at chosen.
“We believe the York Galleria Mall, which is a well-known retail destination in York County, is an ideal site for our planned Hollywood Casino York. We explored numerous other potential opportunities within York County, but the mall’s convenient location, existing infrastructure and ample parking, as well as the support of Springettsbury Township officials and the local business community, helped cement our decision.”
Up next: West Cocalico
Now that a location has been selected for its York casino, attention on the mini-casino front turns to its West Cocalico location in Lancaster Country. This location was selected in early April when Penn National won the auction for the 5th mini-casino location with a minimum bid of $7.5 million.
Penn National has six months to inform the PGCB of the specific location of the casino, which can be within a 15-mile radius of West Cocalico. It can also file an extension, a possibility given that they filed extensions for the York location and are also focusing on other expanded gambling efforts.
In mid-August, Penn National applied to offer sports betting to players in the state. Penn National also is one of five PA casinos to be approved for an online gambling license that would allow the company to offer online poker, online table games and online slots.
We’ll forgive Penn National if they end up filing an extension.