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“I don’t know what the prospects of the legislators backing it are.” State Sen. Bill Carrico, R-Galax, said Saturday he has been approached but isn’t sure he’s willing to carry the legislation and wants to know much more about the plan. Mumpower said other entities in other parts of the state are also working to allow gaming. “We’re one of the few states that does not have approved gambling, so there is a lot of infrastructure the state would have to set up — regulations, the tax rate, permits,” Mumpower said. “I haven’t taken the temperature of most people in the community, but I think most people would support it as long as it’s done properly and regulated.
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OTB’s, such as the Turf Club, would need the approval from the Horse Racing Commission but would not have to cough up the steep $10 million application fee. The Turf Club would be covered under Greenwood’s initial application fee for Parx Casino. It remains to be seen if other mini-casino or OTB operators will follow Greenwood’s path. Mount Airy Casino and Stadium Casino LLC did not return request for comment. Eric Schippers, senior vice president of Public Relations for Penn National said the possibility of petitioning the gaming commission to allow sports betting at their satellite casinos is a possibility still being discussed. “We’re still exploring that possibility,” Schippers said. “We haven’t even picked our first [satellite casino] site yet – so that’s where our focus remains.” As far as sports betting and its 36 percent tax rate are concerned, Kevin Braig, an attorney with Shumaker, Loop, and Kendrick in Columbus, Ohio said, for some properties, establishing a foothold even if they break even makes sense. “Penn National has its foot in the door and Parx Casino has the turf club down by the stadium so they know they are going to be in PA a long time,” Braig said. “But the economics might not make sense for other operators.” Greenwood and the Cordish Cos. form the Stadium Casino LLC group which is on track to build the state’s fifth standalone Category 2 casino, which will go in Stadium Park in Philadelphia. Should that partnership apply for a sports betting license, Greenwood would hold a tight grip on the market close to the city’s sports venues.
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