The Pennsylvania Gaming Control Board (PGCB) has recently voted unanimously to renew the Category 2 Casino operator’s license for Holdings Acquisition Co., the operator of Rivers Casino Pittsburgh in Allegheny County. The renewal decision comes after a thorough evaluation process, allowing both the operator and the public to provide their input. Following a public input hearing and extensive reviews from various stakeholders, the PGCB concluded that Holdings Acquisition Co. has fulfilled its obligations under the current operator’s license and is eligible for a renewed license for an additional five-year period.
Renewal Process and Public Input:
The renewal process involved a public input hearing that took place in the City of Pittsburgh on March 16. Personnel from Rivers Casino Pittsburgh presented exhibits and testimonies regarding the facility’s operations since its last license renewal. Additionally, members of the public were given the opportunity to share their perspectives on the casino and its impact on the community. The PGCB also received input from local government officials, community groups, and the state police, as well as various departments within the Gaming Control Board.
Rivers Casino Pittsburgh’s Contributions:
Since its opening in August 2009, Rivers Casino Pittsburgh has made significant contributions to the state’s economy, generating an impressive $2 billion in tax revenue from the play of slot machines, table games, and sports wagering. The casino currently operates 2,466 slot machines, 129 table games, and a retail sportsbook, providing diverse entertainment options to its patrons. Moreover, the casino employs 1,278 individuals, further contributing to the local workforce and economy.
Pennsylvania’s Gaming Revenue in August:
Pennsylvania’s gaming industry continues to thrive, as evidenced by the combined revenue from regulated gaming and fantasy contests reaching $425.3 million in August. This represents a 4.2 percent increase compared to August 2021, demonstrating the resilience and growth of the state’s gaming sector. The regulated gaming revenue includes various sources, such as slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). While retail slots revenue experienced a minor decline of 4 percent year-on-year, retail table games revenue also decreased by 9 percent.
The unanimous renewal of the Category 2 Casino operator’s license for Holdings Acquisition Co., operating Rivers Casino Pittsburgh, is a testament to the casino’s adherence to its obligations and commitment to excellence in the gaming industry. The rigorous evaluation process conducted by the Pennsylvania Gaming Control Board, coupled with public input, ensures transparency and accountability in the licensing procedure. As the casino continues to thrive and contribute significantly to Pennsylvania’s economy, the gaming industry in the state remains on a positive trajectory, with consistent revenue growth and a diverse range of gaming options for patrons.