On Wednesday, in a meeting, the gambling regulator rejected Mount Airy’s application which sought Category 4 casino in Big Beaver in Beaver County.
According to the reports, David M. Barasch, who serves as chairman of the board, said during the meeting that the Office of Enforcement Council issued a recommendation to the board to reject Mount Airy’s casino application.
“Despite Mount Air exercising reasonable efforts to attempt to secure financing for that project,” Barasch said.
“They were unable to do so. Mount Airy will not be able to satisfy Section 13-13’s financial requirements to establish an operational viability of this particular project.”
The order to reject the plan to allow a casino was rejected unanimously.
Last week, Pennsylvania posted record betting revenue for October. The state’s retail and online betting sector reported $200 million in bets in October. It is also the first time the state’s sports betting market touched the $200 million mark.
The increase in betting handle has been attributed to the increased betting handle from the online sector.
According to the figures released, Pennsylvania’s sportsbooks accepted a record $241.2m in bets in October. The figure represents a 24% month-over-month increase from September’s $194.5m handle.