Lack of interest thwarts latest Pennsylvania casino auction
HARRISBURG, Pa. (AP) -- Lack of interest has thwarted Pennsylvania's latest casino expansion attempt.
The Pennsylvania Gaming Control Board on Wednesday received no bidders for a casino license auction ordered by lawmakers as part of an aggressive gambling expansion launched by a cash-hungry state government.
Pennsylvania is already the nation's No. 1 state in tax revenue from casino gambling. But lawmakers in 2017 authorized the auction of 10 mini-casino licenses to help plug a budget hole.
The first five auctions raised $127 million. Wednesday's auction was the gaming board's second unsuccessful attempt to auction a sixth license, and there are to be no further auctions under current law.
The auction was limited to owners of Pennsylvania's full-size casinos. Minimum bids were set at $7.5 million and potential locations were limited to parts of northern and central Pennsylvania.
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