publicly traded company<\/a>, and $7,500 from his son, Blake II.<\/p>\nCharles Protell and Stephen Arcana, respectively the CFO and COO of Golden, each gave the committee $10,000.<\/p>\n
Controversy on the Horizon\u00a0<\/b><\/h2>\n
Golden Entertainment sees a golden opportunity in Pennsylvania, should the state allow more than just truck stops to integrate VGT devices into their businesses.<\/p>\n
Supporters say the machines will help small businesses recover from the COVID-19 pandemic. Under current state law, VGTs must have a minimum payout rate of 85 percent. Max bets are capped at $5, and maximum wins are $1,000. Gross gaming revenue on VGTs is taxed at an effective rate of 52 percent.<\/p>\n
The state’s casino industry opposes further expansion. The 13 casino licensees jointly wrote a letter last week to lawmakers asking that VGTs remain regulated in their current capacity, and the skill gaming devices be deemed illegal and removed from bars and other businesses.<\/p>\n
The coalition of casinos said more VGTs and allowing skill machines to be deemed legal “would have a devastating impact on both Pennsylvania’s casinos and the Pennsylvania Lottery.”<\/p>\n","protected":false},"excerpt":{"rendered":"
A powerful Pennsylvania Senate lawmaker is reportedly trying to expedite legislation that would further expand gaming in the Mid-Atlantic state. Video gaming terminals (VGTs) were licensed through the state’s widespread expansion of commercial gambling in October of 2017. Certain qualifying diesel truck stops are permitted to house up to five of the slot-like terminals.\u00a0 \u00a0 […]<\/p>\n","protected":false},"author":25,"featured_media":139431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13],"tags":[],"acf":[],"yoast_head":"\n
Pennsylvania Lawmakers Mulling Further Gaming Expansion<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n