Parlay-Vous Money? Parx Bettor Hits 15-Leg, $57K Bet

One Parx Sportsbook bettor defied the odds and cashed in a 15-leg parlay ticket. The ticket cost $25 and paid out a whopping $57,146.40.

It was a stroke of luck 15 times over.

The Philadelphia Inquirer reported this past week that an unidentified gambler went to Parx Sportsbook in Philly and placed a $25 bet on a 15-game parlay and hit every single game, earning him or her $57,146.40.

Parx Senior Vice President of Interactive Gaming and Sports Matthew Cullen told the Inquirer the casino had no hard feeling about such a big payout.

“It’s not bittersweet at all paying that out. This is the business that we are in. Some bets we win and some bets our customers win. It’s the nature of our business.”

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Fifteen up and 15 down: Analyzing the $57K bet

The mystery bettor’s ticket included 15 different games across three different sports: NCAA basketball, the NBA, and the NHL.

Here’s a quick breakdown of the games upon which he or she bet, along with the type of bet:

NCAA

The mystery winner picked two NCAA games: One from the big tournament and one from the NIT. The Fairleigh Dickinson game was a bit of a nail-biter, as they were down 13 with 18:37 left in the second half.

    • Fairleigh Dickinson vs. Prairie View A&M (moneyline). Farleigh Dickinson rallied to win after being down double digits in this March Madness play-in.
    • Creighton vs. Loyola Chicago (-3): An NIT matchup, the Bluejays won by 9.

NHL

The parlay included one game that ended up being a blowout.

  • Washington vs. New Jersey (moneyline): The Caps downed the Devils 4-1.

 NBA

This is where the Pennsylvania sports bettor needed the lion’s share of the luck, as he or she bet on the moneyline and over/under for each game except for the Brooklyn game:

  • Philadelphia vs. Charlotte (over)
  • Milwaukee vs. LA Lakers (under)
  • Golden State vs. Minnesota (under)
  • LA Clippers vs. Indiana (over)
  • Houston vs. Atlanta (under)
  • Brooklyn vs. Sacramento (Nets and +3.5, over)

Perhaps the most shocking outcome amid these games was the Nets’ win. Their matchup against the Kings included a 20-0 run by the Kings. The Nets needed a 44-point effort from resurgent D’Angelo Russell (27 came in the fourth quarter) to preserve the win for the Nets.

Parx among eight sportsbooks in PA

PA sports betting is a relatively new phenomenon, as it took more than a year after the state’s gambling expansion bill to open a land-based sportsbook.

However, since the first sportsbook opened at Hollywood Casino at Penn National in November 2017, seven more have followed:

Seton Hall And Fairleigh Dickinson Are Dancing: Here’s Where To Bet On Them

New Jersey’s Fairleigh Dickinson Knights weren’t looking good five minutes into the second half of their NCAA Tournament play-in game against Prairie View A&M Tuesday at the University of Dayton (OH) Arena.

The Knights were losing 50-38. Fifteen minutes later, they were on their way to the round of 64 after closing on a 44-26 run.

With their win, they join Seton Hall University as the only two New Jersey teams participating in March Madness. The state’s gambling laws don’t allow people to bet on New Jersey teams in New Jersey.

What that means for serious March Madness bettors is that they cannot bet on one seed Gonzaga either, as the entire game is off the board. Should Seton Hall advance to the second round, going to Pennsylvania will be the only way to bet on the Pirates’ presumed opponent the University of Kentucky too.

Thankfully, neighboring Pennsylvania has sportsbooks at which you can place bets on the Knights and Pirates.

However, if you do want to bet in Pennsylvania, be aware there is no PA online betting yet. There are eight retail sportsbooks to choose from though, including six in the Philadelphia area.

Kambi sportsbooks offering lines for Seton Hall and Fairleigh Dickinson

At the time of publishing, Pennsylvania sports betting operator Kambi was offering lines on NJ teams’ games via Rivers Sportsbook, SugarHouse Sportsbook, and Parx Sportsbook.

We went to Rivers’ online bet slip to find out the lines at 2 p.m. on Wednesday.

#10 Seton Hall vs. #7 Wofford (9:40 p.m., 3/21)

The spread for Seton Hall’s Thursday match-up against upstart Wofford is +2.5. The over/under was at 145 and the money line for Seton Hall was +128.

The Pirates put together a 20-13 season and made a solid run in the Big East tournament before falling to Philadelphia’s own Villanova 72-74 in the final.

The Pirates’ finished the season ranked 34th in the AP poll, 29th in the Coaches poll, and had a NET ranking of 57.

The Knights have been to the Big Dance 13 times and each of the past four years. Their deepest run in the tournament came in 1989 when the reached the finals but lost to Michigan.

#16 Fairleigh Dickinson vs. #1 Gonzaga (7:27 p.m., 3/21)

Understandably so, Kambi had Fairleigh Dickinson as a heavy underdog at +27. At the time of publishing, that was the biggest spread of any #16-#1 match-up.

The total for the match-up was 152.5 and there was no money line on the game.

Fairleigh Dickinson is one of four 16 seeds who snuck into the tournament. The Knights finished the year at 21-13 and earned an automatic bid to the tournament after beating St. Francis in the Northeast Conference tournament championship.

At the end of the season, the Knights were not ranked in any of the major polls and had a NET ranking of 203.

The school is 0-5 in its five NCAA Tournament appearances.

Only one 16 seed has won their first round match-up: the University of Maryland Baltimore County in 2018, when the beat possible title contender Virginia.

March Madness expected to bring in $8.5 billion handle

According to a Forbes article published this week, the American Gaming Association estimates that 47 million Americans will bet more than $8.5 billion on the NCAA Tournament this year.

About half of what’s bet will be spent on tournament brackets.

“The NCAA Tournament brackets and pools generate gigantic interest, and $4.6 billion is expected to be wagered on a collective 149 million brackets by more than 40 million people,” contributor Jay Ginsbach wrote. On average, fans fill out four brackets at an average of $30 per bracket.”

Parx Launched A New PA Betting App — For Horse Racing

Parx Racing has brought some good news to PA gamblers lamenting the postponement of PA online casinos.

This past week, the Philadelphia casino launched its mobile horse racing betting platform. The new platform provides bettors with an on-track experience on the go, accessible by phone or browser.

We reached out to Parx for a comment about the new app but did not receive one at the time of publishing.

In a press release this past year from Sportstech Racing and Digital, the app’s developer, president Andrew Gaughan said the app is bringing excitement to the racetrack.

“Sportech has deployed over 25 websites and over 25 mobile apps for customers in the Americas, the Caribbean, Europe and Asia and we are very pleased to be able to add our valued customer Parx Racing® to that list. We are committed to delivering to their players an overall enhanced digital user experience that helps extend the excitement of the racetrack to the digital channels.”

Overview of the Parx Racing app

Per the requirements of the state’s gambling regulations, only those who are physically in the state of Pennsylvania can use the app to bet.

The in-app experience includes:

  • Handicapping information
  • Livestreams of up to three tracks
  • Replays
  • Odds, probables, carryovers

The app is available to iPhone users with the iPhone 5S and higher. It is also available to Android users. You can use it via web browsers too.

According to the app’s information, you have to be at least 17 years old to download the app. However, per Pennsylvania’s regulations, you have to be at least 18 years old to wager on the app.

The launch of this new wagering platform adds another revenue stream for Parx. The brand already includes Philadelphia’s premier casino and its racetrack located between Philadelphia and Trenton.

In January, the casino entered the sports betting arena by launching a sportsbook at their Philadelphia location and another at South Philadelphia Turf Club, which is owned by the same company who runs Parx: Greenwood Gaming.

Sportech relationship solid amid Wire Act delay

The Parx Racing app and browser platform are presumably the first of multiple digital platforms Sportech will provide for Parx. The companies previously noted the partnership between the company and Parx encompasses all digital platforms.

Though the Parx Racing app is somewhat of a whimper compared to the roar of PA online casinos, it is a sign that Sportech hasn’t jumped ship amid the wait for the launch of PA online casinos.

Earlier this year the Department of Justice announced it has reversed its opinion about the Wire Act. In the opinion, the DOJ claims that the act’s regulations extended to all forms of online gambling. That includes casinos, sports betting, online lottery, and more.

The reversal of opinion led to a reversal of fortunes for PA online casinos. As a result, launch for the industry likely won’t happen until the summertime.

In a meeting with the House Appropriations Committee, Pennsylvania Gaming Control Board Chairman Kevin O’Toole said that the delay may extend into the summer. He and his colleagues are working with  PA casinos and online operators to make sure their operations meet Wire Act requirements.

PGCB did note that none of the casinos who bought online gambling licenses are considering pulling out of the market.

In the meantime, racing fans have something to pass the time. Elsewhere, the rest of PA sports bettors are counting the days until betting on their phones happens.

Valley Forge Getting Not One, But Two Sportsbooks In Immediate Future

The Valley Forge area will soon have more sportsbooks than Pittsburgh. Within two weeks both Valley Forge Casino and Valley Forge Turf Club should launch.

Pennsylvania will soon host its seventh retail sportsbook. The Valley Forge Turf Club should open its doors sometime in the next two weeks, according to Pennsylvania Gaming Control Board (PGCB) Chief Counsel Doug Sherman.

The launch will mark the second off-track betting location to offer Pennsylvania sports betting. South Philadelphia Turf Club opened in January 2019.

Both turf clubs are owned by Greenwood Gaming, which also owns Parx Casino. Thus, Greenwood will own more sportsbooks in Pennsylvania than any other operator.

Coincidentally, both turf clubs plan to raise their admission age from 18 to 21. While horse racing allows betting for 18 and up, the off-track betting parlors will adhere to sports betting’s age limits.

Valley Forge Turf Club sportsbook details

The new sportsbook will be the result of a $500,000 renovation of the existing OTB parlor area. The updates include the addition of several high-definition televisions and improved surveillance equipment.

Valley Forge Turf Club will also have the following features:

  • 6 tellers and 14 kiosks for sports betting
  • 23 tellers and 13 kiosks for horse racing

The kiosks will be Novomatic-TV-830 model machines. Greenwood Gaming already has 30 of these machines in operation at the other two sportsbooks. Kambi, Parx’s sports betting partner, powers the kiosks.

How things are going at South Philly Turf Club

The debut of a second off-track betting parlor-turned-sportsbook would suggest that things are going swimmingly at South Philadelphia Turf Club (SPTC). So far, there is only limited information about how well the SPTC is doing.

Last month, the SPTC accepted $858,130 in wagers. From that handle, the book held $91,835, the lowest revenue amount in the state.

Bear in mind that the SPTC opened its doors on Jan. 17. So, that figure represents two weeks of service.

However, Harrah’s Philadelphia did not launch its retail sportsbook until a week later, on Jan. 24. Yet, Harrah’s managed to keep $103,569 out of just over $615,000 in handle.

So, the newer casino-based sportsbook ran far more efficiently than its OTB counterpart. Harrah’s Philadelphia, in fact, had an operating profit margin (revenue divided by handle) of 16.82 percent in January 2019.

As it turns out, in terms of operating profit margin, Harrah’s outperformed every sportsbook in Pennsylvania aside from Parx. In fact, the SPTC was the next-most-efficient location, with a hold percentage of 10.7 percent.

Based upon this metric (if not absolute numbers), the SPTC was quite successful. So, perhaps the Valley Forge Turf Club’s debut makes sense after all.

Two other sportsbooks on the horizon

The Valley Forge Turf Club’s debut would, indeed, be the seventh sportsbook to open in Pennsylvania. However, that number should grow larger in a very short time. In fact, another property might beat the OTB to the punch.

Valley Forge Casino is on a similar launch trajectory. It is likely that the book will open in time to accept wagers on March Madness games.

Presque Isle Downs should also open its sportsbook in March or April. So, by the time the summer rolls around, there will likely be nine different retail sportsbooks active in the Keystone State. Hopefully, after that, the focus can shift to getting online sport betting off the ground.

Sportsbook Provider Kambi Taking Its Talents To Philadelphia

Kambi has dominated the European betting markets for years. Now it is headed stateside, with a US office in Philadelphia, PA.

Kambi Group has a new home. And it’s right in the heart of sports betting country.

The Stockholm-listed sportsbook provider has set its sights on opening a Philadelphia office sometime in the second quarter of 2019. The provider for four of six PA sports betting operations and three of the top four online sports betting services in nearby New Jersey, Kambi will have its first US-based office in the near future.

“The opening of a US office has long been part of our plans and we have taken the time to carefully weigh up a number of different options to ensure we settled on the right location,” Kambi Chief Commercial Officer Max Meltzer said in a statement.

“In Philadelphia we have found a city that ticks all the boxes — great proximity to customers, a people passionate about sports and high performing local universities. The team we are building will tap into that local talent and ensure we can provide an even greater level of service to our customers.”

Philly checks all the boxes

As noted, Kambi certainly has roots laid in the Northeast, specifically in two states that could challenge Nevada as sports betting king.

At the heart of it all: the Philadelphia sports betting market.

According to Kambi, the group selected Philly for four key reasons:

  • The proximity to current and prospective customers
  • The East Coast contains most states where regulated sports betting currently exists
  • The city’s passion for sports
  • Local talent, specifically in terms of educational institutions in the area. “We believe we can benefit from those graduating reasonably locally,” Kambi said.

Kambi said it is in the process of hiring “a number of roles,” including in customer supporttechnical support and trading/odds compiling.

Initially, the group said, the office will begin with approximately 30 employees before steadily growing depending on business requirements.

Kambi sets up shop amid booming business

Kambi has taken the sports betting world by storm since the US Supreme Court repealed PASPA in 2018.

The group, for example, reported Q4 revenue growth of 14 percent. It entered the NJ sports betting landscape at the ground floor, powering DraftKings Sportsbook since its launch in August 2018.

During that time, DraftKings has totaled $37.3 million in revenue, accounting for nearly 54 percent of overall sports betting revenue by online sports betting products. Kambi also powers two other popular online sportsbooks in New Jersey: SugarHouse NJ and 888 Sport.

In December, Kambi brought its business to Pennsylvania as SugarHouse Sportsbook and Rivers Sportsbook opened in Philadelphia and Pittsburgh, respectively. Another two Kambi-powered operations opened in January as Parx Sportsbook and South Philadelphia Turf Club entered the market.

These properties have combined for $37.7 million in accepted wagers, which is about 76 percent of the overall handle. They also produced $3.9 million in revenue, which is about 81.2 percent of overall revenue since the industry launched in November.

With growing business in New Jersey and with Pennsylvania continuing to expand both with retail sportsbooks and PA online gambling sites, Kambi now sits in the heart of it all.

Parx Bringing Two New Sportsbooks To Philadelphia

Parx’s play to corner the PA sports betting market includes opening up a casino sportsbook Jan. 10 and another at its South Philadelphia Turf Club Jan. 17.

Pennsylvania’s top-grossing casino is making a play to corner the emerging PA sports betting market.

Parx Casino opened up a sportsbook on the property in Bensalem on Jan. 10. The owner of Greenwood Gaming is now set to do the same at its South Philadelphia Turf Club off-track horse race betting location on Thursday, Jan. 17.

The Pennsylvania Gaming Control Board (PGCB) conducted two days of formal testing at the new Sportsbook at Parx Casino before the official launch. It is planning to do the same at the South Philadelphia Turf Club this week.

The launch of the Sportsbook at Parx makes it a total of four PA casinos now running sports betting operations. The others are:

The South Philadelphia Turf Club will become the first sportsbook in the state to open outside a PA casino.

The sportsbook could become the state’s most popular sports betting location when it launches. It sits in Philadelphia’s Stadium District, where all of the city’s major sports franchises play.

Kambi software dominates PA market

Both the Parx and South Philadelphia Turf Club sportsbooks will run on software provided by Kambi. SugarHouse and Rivers sportsbooks are also Kambi-powered operations.

Hollywood Casino’s sportsbook is operated by the country’s largest sportsbook operator William Hill and uses its proprietary software. Hollywood launched the state’s first legal sports betting operation in mid-November. It generated $500,000 in revenue on $1.4 million in handle in its first two weeks.

The Sportsbook at Parx Casino opened in a temporary location and allows the following types of bets:

  • Moneyline
  • Parlay
  • Props
  • Spread
  • Teaser bets 
  • Totals

Leagues that PA bettors can wager on include:

  • NHL
  • Boxing
  • College basketball
  • College football
  • MLB
  • MMA events
  • NBA
  • NFL

Temporary location in Parx’s 360 Lounge

The sportsbook’s temporary location is in Parx’s 360 Lounge. Parx has converted the bar into a sports-betting lounge of sorts with two 16′ by 9′ HD TVs and 20 75″ HD TVs for game viewing.

Plus, there are a dozen self-service sports betting kiosks and seven live teller windows for over-the-counter betting.

However, the bar isn’t the only place players can place bets. Parx has 30 electronic sports betting kiosks throughout the casino floor as well. The facility has made in-game betting available at the kiosks and placed upcoming game odds on the big screen TVs around the bar as well.

Parx is also promising to launch an online sports betting app complete with live in-game betting before long. In fact, Parx has already launched a mobile Betslip Builder app allowing players to plan out bets, put together bet slips and view Parx’s real-time sports odds.

$10 million, state-of-the-art sportsbook

Parx is also building a permanent sportsbook in the north corner of the casino next to the Liberty Bell Gastropub. It plans to open it in the second quarter of 2019. Management promises it will be a $10 million, state-of-the-art facility with:

  • An LED wall wrapping around half the sportsbook
  • A full-service bar with video poker
  • HD TVs throughout
  • Dozens of self-service betting kiosks and live teller windows

Greenwood has also poured $1 million into renovations at the South Philadelphia Turf Club in anticipation of the sportsbook’s launch. This reportedly includes the addition of as many as 150 HD TVs for game viewing, an odds board and several dedicated sports betting teller windows.

Parx Sportsbook Coming To Philadelphia This Week

Parx Sportsbook begins its two days of PGCB-monitored testing on Jan. 8. The sportsbook will fully launch on Jan. 10, just in time for the Eagles game.

The countdown to Parx Casino sports betting is down to its final hours.

The Bensalem-based property announced that sports betting will officially launch on Thursday. The launch is pending two days of testing and approval from the Pennsylvania Gaming Control Board (PGCB). The two-day testing period is taking place from 2 to 10 p.m. on Tuesday and Wednesday. The trial period is open to the public.

Details on the Parx Sportsbook

Parx Casino’s temporary sportsbook is near the former 360 Bar & Lounge. Players can bet on NFL playoff games, along with MLB, NHL, NBA, NCAA action and other popular American sports. There are also betting kiosks throughout the casino floor.

Matthew Cullen, senior vice president of interactive gaming and sports, spoke about how Parx Casino is “thrilled to launch legalized sports betting” in a press release:

“Parx is expanding our portfolio of offerings and giving patrons the absolute best types of legalized gaming. Sports betting will first go live at our main property, and then roll out in the South Philadelphia Turf Club and then later at the Valley Forge Turf Club.”

Parx Sportsbook operating hours

Beginning Jan. 10, sports enthusiasts will be able to bet on all their favorite games. Sports available for wagering will include:

  • College basketball
  • College football
  • NBA
  • NFL
  • NHL
  • MLB

The temporary sportsbook will be open seven days a week. Hours are as follows:

  • Mondays: 1 p.m. to 12 a.m.
  • Tuesdays-Fridays: 1 p.m. to 1 a.m.
  • Saturdays: 9 a.m. to 1 a.m.
  • Sundays: 9 a.m. to 12 a.m.

The space will feature 20 high-definition televisions screens of various sizes. There are also two 16′-by-9′ screens can be split into four screens. In total, the temporary sportsbook can broadcast up to 28 games at the same time.

The temporary sportsbook will also feature seven live teller windows, a full-service bar and comfortable seating to watch the games. There will be 45 self-service sports betting kiosks in the temporary sportsbook as well as throughout the casino floor and the Parx Poker Room.

Coming soon, pending PGCB approval, is a brand-new sports betting app called Betslip Builder.

The online sports betting app can be utilized by retail players to fill out a bet slip before walking up to a kiosk or cashier to place their bets. It will help reduce the wait time at a kiosk or cashier because players will need to simply scan the QR code and fund their bets, rather than having to pick their bets with a cashier/kiosk. The app will improve and streamline the process during fast-moving games.

Parx planning sports betting expansion

The opening of the temporary sportsbook at Parx is the first phase of much bigger plans to come. The sports betting plans include building a permanent $10 million Parx Sportsbook slated for a summer opening.

In the short term, once sports betting is up and running at the main casino property, Greenwood will launch sports betting at the South Philadelphia Turf Club and Valley Forge Turf Club. Opening dates are expected to be announced in the coming weeks.

Parx Giving Away Sportsbook Bucks In Advance Of Launch

Parx Sportsbook won’t open until January 2019, but the PA casino is already running promos for people to win money to use on bets.

The Parx Casino retail sportsbook will very likely accept its first bet in January. The exact date is still to be determined.

As far as December goes, Parx customers have a chance to win $100 in cash to use for sports betting or the casino.  The question is, how good are you at predicting college football bowl games?

The College Bowl Game Leaderboard Challenge is one of several free-to-play games available on the Parx casino website. The person who picks the most winners during the ongoing bowl season will win the cash prize.

Yes, several games have already been played, but there are still several more left to predict, including the Jan. 7 National Championship Game.

The website promo sums it up best:

It’s early in the bowl season and anyone can still win.

Pick the winners online

Parx will be launching its online sportsbook next month. This pick-the-winner contest is a completely separate platform available via the sports betting tab on the Parx casino website. Call it training camp for the real money deal.

There are several contests to choose from, including NFL Saturday Pick 6Daily NBA Pick 5, and the NFL Pennsylvania Pick-Em. Top finishers earn free slot play, headline show tickets, and more.

The rules are pretty straightforward. Click the Play Now tab next located next to the College Leaderboard Challenge contest. The basic premise is picking the winners from the listed games with the point spreads. For those who can’t decide which teams to pick, players can elect to go with the favoritesmost popular, or random. The system keeps a running tab of the standings.

Sports betting launching soon

Parx was the one the first Pennsylvania casinos approved for a sports betting license by the Pennsylvania Gaming Control Board (PGCB). The Bensalem-based casino, along with the South Philadelphia Turf Club, got the go-ahead Oct. 3.

Greenwood Gaming and Entertainment own both properties

Hollywood Casino at Penn National received licensing approval on the same date. On Nov. 17, the property located just outside of Harrisburg made history by opening Pennsylvania’s first legalized sportsbook.

Many anticipated that the Parx sportsbook would be opening sometime this month. PlayPennsylvania confirmed Parx was delaying its launch until January.

That same day, SugarHouse Casino in Philadelphia and Rivers Casino in Pittsburgh held soft launches for their respective temporary sportsbooks. The common denominator between the three properties is that Kambi Group is the mutual bookmaking partner.

Following the retail launch, Parx will be able to unveil its online/mobile sportsbook. The guesstimate is sometime in the first quarter of the new year.

Kambi is the sports betting provider behind the market-leading DraftKings Sportsbook in New Jersey. Kambi also works with Parx. So, when Parx launches its online sportsbook, in-game wagering, straight bets, parlays, and teasers will likely be among the many betting options.

Parx Sportsbook preliminary plans

Parx will open its temporary sportsbook inside the 360 Lounge located on the casino floor. The space will include seven betting windows, a pair of 16 feet x 9 feet HD screens, along with 30 self-serve kiosks located throughout the gaming floor.

But this is just the temporary setup. A swanky $10 million permanent sportsbook is under construction. The space could be ready to go by the second quarter of next year.

Stadium Casino Project Continues On, Just Without Parx Behind It

The Stadium Casino project will continue, but it will do so without Parx, who backed out of its co-onership of the project. Cordish will go forward solo.

Greenwood Gaming & Entertainment’s recently decided to sell its interest in the proposed Stadium Casino. Now Philadelphia is back to hoping a single gaming entity can construct a world-class gaming parlor in the South Philly stadium area.

Why, after all the years of fighting, clawing and negotiating their way into a piece of the Philadelphia gaming pie, would Greenwood pull out now?

Moreover, what does Cordish Companies, Greenwood’s former partner on the project, stand to gain from the decision?

Let’s take a deeper look.

Cracks in the Cordish-Greenwood foundation

Greenwood Gaming, owner of Parx Casinoin Bensalem, PA, originally partnered with Maryland-based Cordish Companies on the proposed Stadium Casino deal, officially known as Stadium Casino LLC.

But almost from the get-go, there were issues.

Specifically, there was a legal battle over casino ownership laws in Pennsylvania.

It turns out that the principal owner of Parx, Watche “Bob” Manoukian, was in violation of limited casino ownership laws enacted by the state.

The legal troubles, of course, slowed progress. SugarHouse Casino, the only other operational casino in Philadelphia, appealing Stadium’s casino license certainly didn’t help.

But even Pennsylvania legislators simply changing the law so that Manoukian could keep control of both casino projects and SugarHouse’s decision to drop their appeal wasn’t enough to keep the partnership intact.

Teardown to build up

Greenwood and Cordish originally planned to open the city’s second casino in South Philadelphia’s stadium district in the first quarter of 2018.

They even began building efforts, tearing down the Packer Avenue Holiday Inn to make way for the $600 million casino project.

The proposed Stadium project was meant to consist of a casino and hotel complex, including:

  • 2,000 slot machines
  • 125 table games
  • 200-plus rooms
  • Five restaurants
  • Nightclubs
  • Parking garage

According to Cordish, who is ultimately buying out Greenwood, the plan remains the same, even if the timeline has changed drastically.

To this point, $37 million has already gone into tearing down the old Holiday Inn on Packer Avenue. But even that work wasn’t completed before the other issues slowed and ultimately halted construction efforts. Another $74.75 million went to licensing costs alone.

With the Stadium Casino project also approved for a mini-casino in Westmoreland County, it’s easy to see why Cordish was excited to announce their plan to buy out Greenwood.

“We at Cordish are excited to now immediately get to work on constructing and opening two first-class casinos for Pennsylvania, which will create thousands of new, quality jobs for local residents, and hundreds of millions of dollars in new taxes for the Commonwealth,” said Joe Weinberg, managing member of the newly formed Stadium Casino Baltimore Investors LLC.

Starting anew … in 2020

About a month ago, efforts to tear down the defunct Holiday Inn stopped. Shortly after that, rumors began to swirl that not only the casino license — but the entire project — may be up for sale.

Now, we know that Cordish will be taking the lead.

The updated timeline isn’t likely to make many Philadelphians who are interested in table games and slots very happy.

Stadium Casino Baltimore Investors LLC recently requested a three-year extension on the project’s expected launch. That would put the open date in December 2021.

Pennsylvania Gaming Control Board (PGCB) regulators responded by offering a two-year extension.

That date would be mid-December 2020.

Even with a corporate restructuring, PGCB is adamant that two years should be plenty of time to complete construction.

If this all seems like quite a lot of hassle, you’re not alone.

But there’s a good reason for Cordish to be so committed to seeing Stadium Casino, as well as their mini-casino project, through to fruition.

Money.

But not just the potential profit they’ll be making — the millions they’ve already invested.

Combining the $74.75 million in slot machine and table games licensing fees with the $40.1 million to obtain its mini-casino license and the fee for a PA gambling license, and Cordish has already invested upwards of $150 million.

They’re surely hoping their next crack at the project doesn’t come with too many complications.

Looks Like Hollywood Casino Will Edge Out Parx As PA’s First Sportsbook

Hollywood Casino thinks it can start taking sports bets as soon as mid-November, while Parx changes its timetable from November to “soon”.

It’s been more than a year since Gov. Tom Wolfe signed PA gambling expansion into law. Yet, we are only now getting ready for the launch of sports betting in Pennsylvania.

The historic legislation paved the way for, among other things, the opening of sportsbooks and online sports betting, both of which are now close to becoming a reality.

Parx and Hollywood Casino made headlines this past week as they announced where they are at in the timeline for launching a land-based and online sportsbook.

Hollywood Sportsbook may be just weeks away

Earlier this month, the Pennsylvania Gaming Control Board (PGCB) approved the sports betting petitions of Hollywood and Parx, giving them a three-week headstart over the other three applicants.

Of the two casinos, Hollywood is the closest to debuting their sportsbook. The retail sportsbook is the result of the property’s partnership with European sports betting giant William Hill.

In order to launch the sportsbook, Hollywood and William Hill will have to satisfy the requirements of the PGCB’s “trial” phase, in which Hollywood will have to check off a variety of requirements.

Those requirements include the following steps, per our research of existing regulations at the time of publishing:

  • Provide estimated full-time and part-time employees along with job descriptions and photos of each principal or key employee
  • Identify the Minority Business EnterpriseWomen Business Enterprise, and/or Local Business Enterprise status of each known and proposed contractors and subcontractors
  • Ensure providers, vendors, contractors, and subcontractors file appropriate applications and are authorized by the PGCB to perform their respective duties
  • Submit an itemized list of the types of wagers to offer and in which sports
  • Submit detailed site plans of proposed sportsbook
  • Allow for inspection of all equipment and devices and comply with laboratory testing by PGCB

Considering that William Hill has worked with U.S. regulators in West Virginia and New Jersey, meeting the PGCB’s trial requirements shouldn’t be too difficult. Really, it is about running successful tests in order to get the okay to launch.

Parx to launch in a couple of months

At first, it seemed inevitable that Parx would launch a sportsbook first. However, over the past month, Parx seems more focused on its permanent sportsbook than rushing a temporary facility to market.

Parx is investing $10 million in a permanent sportsbook and have plans to launch a temporary sportsbook sometime in the next couple of months.

The exact launch date of the land-based sportsbook is unknown. What might be holding up the process is Parx’s sports betting partner, Kambi, still has not been approved for a PA operator license. So, rather than aiming for November like it initially did, Parx is now simply saying “in the next few months.”