“We have opportunity with some of the proposals to offer more than just slot machines and tables. We need something that is more than a casino,” Fajt said. “I don’t believe we have the capacity to open just another casino. Pennsylvania Gaming Control Board commissioner Greg Fajt, who was chairman during the last Philadelphia license go-round, called market saturation the “elephant in the room.” Early on in the board’s questioning of the Penn National team, he established what he needed to hear from not only Penn National, but the other four applicants who will appear before the board between now and Thursday, to make his decision:
Penn National Gaming today told the state gaming board their proposed Hollywood Casino would siphon less of its revenue from existing regional casinos than the other four applicants pursuing the remaining Philadelphia gaming license.īut even Penn National’s projections say that 40 percent of their anticipated revenues will come from customers who otherwise would have spent that money at an existing regional casino, with the biggest proportion coming from SugarHouse.
