In Pennsylvania, Tuesday reportedly saw supervisors in Caernarvon Township sign off to a plan which is to observe a subsidiary of Penn National Gaming Incorporated spend approximately $111 million so as to bring a mini casino into southern Berks County.
Based on a Wednesday report from the Reading Eagle paper, the decision to approve the proposed Hollywood Casino Morgantown plot came despite local objections which had encompassed factors such as religious beliefs and community safety issues alongside fears that the projected development could cause an increase in gaming dependence and drug trafficking.
The paper reported that another step in the approval process is to call for the Wyomissing-headquartered casino company ’s Mountainview Thoroughbred Racing Association LLC subordinate submitting a variety of relevant security agreements to officers in Caernarvon Township which are set to include a guarantee which the firm has sufficient funds to construct and operate the envisioned place.
Penn National earlier announced it expects the 86,000 sq ft Hollywood Casino Morgantown will be able to open on a 36-acre site situated between the Pennsylvania Turnpike and Route 10 by the autumn of 2020. Additionally, it said that it wants the central Caernarvon Township place to incorporate a casino offering a selection of around 750 slots alongside around 30 gaming tables in addition to multiple restaurants and an entertainment stage.
The Reading Eagle reported the finished mini casino is expected to employ about 250 sailors and donate approximately $94.3 million into the local market every year for example a few $1.6 million to Caernarvon Township. It detailed that Pennsylvania’s twelve existing casinos have paid approximately $1.4 billion in combined taxes since 2006 courtesy of aggregated gross gaming revenues that have surpassed $3.2 billion.