Bally’s is expanding to Pennsylvania by developing a satellite casino in Centre County, home of Penn State University, through a deal with real estate firm owner Ira Lubert.
Construction on the $120m project will begin in the first half of this year and take around a year to complete. Bally’s 15th casino will have up to 750 slots, 30 table games and sports betting and online gaming subject to approval of separate licences.
Ira Lubert, the former Valley Forge Casino owner, won the satellite casino licence in September in the state Gaming Control Board’s auction with a $10m bid. Bally’s will acquire a majority interest in the casino and own 100 per cent of all sports betting and igaming activities.
Source: Fantini’s Gaming Report