An update now on the new casino project in Centre County, which is still in the planning stages and awaiting final approval from the Pennsylvania gaming control board.
There’s no doubt that casino gambling has made a big impact here in Centre County. Updated projections on economic impact information for the planned casino here in Centre County include eye opening numbers. But will it be the last casino license granted in Pennsylvania for quite awhile?
The new casino is targeted for the former Macy store site in the Nittany Mall. Former Penn State trustee Ira Lubert had the winning bid last year for whats termed a mini casino. But in an economic impact study commissioned by Lubert the financial impact projections are anything but mini. Among the highlights, projected casino revenue of 91 million dollars in the first year,and more than a 100 million a year,after that.
According to projections that translates to 6o thousand dollars worth of annual new tax revenue for Centre County,and close to 500 new jobs in College Township,where the casino would be located within a decade. With the state looking for new revenue are more
casinos in Pennsylvania’s future?
“As of right now I believe the last casino project license may be the one coming to Centre County.When you look at the saturation in the state central Pennsylvania was the last area that really wasn’t fully occupied with individuals able to go to casinos”
Ballys corporation is developing the Centre County casino with Lubert. The casino is expected to have up to 750 slot machines and 30 table games,along with online sports betting
construction on the new casino here in Centre County is expected to begin later this year, with the opening set for next year