Wednesday, April 8, 2009

Harrah's has competition in Valley Forgge

UPDATE: This just in from AP. Harrah's has even more competition than I thought!

HARRISBURG, Pa. (AP) — A suburban Philadelphia hotel and meeting complex has the go-ahead from state regulators to add 500 slot machines.
The Pennsylvania Gaming Control Board voted Wednesday to approve the application by the Valley Forge Convention Center.
The state Legislature legalized slot machine gambling in 2004 as a way to cut taxes and authorized the gaming board to award 14 casino licenses. Valley Forge was granted one of the two licenses that are available for resorts.
The other 12 licenses cost $50 million and allow up to 5,000 machines at each licensee. All but one of those have been awarded.

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