In recent news, MGM and Golden Nugget both submitted petitions to offer online casinos in Pennsylvania. And this comes after 13 land-based casinos in PA got first dibs on purchasing licenses. After existing PA casinos claimed their stake, 11 licenses remained available for outside entities.
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Taking that into consideration, MGM and Golden Nugget wasted no time jumping in! Not to mention, both NJ casinos have set partnerships in PA. So it’ll be much easier to break grounds in a new market. With that said, let’s get into the details of this story and find out what it means for us back here in NJ.
Golden Nuggets connection to PA
First, it’s no surprise to see the Golden Nugget jump into the PA market. After all, the casino has a partnership deal with PlaySugarHouse. Which, is the online site for the Philadelphia’s land-based, SugarHouse Casino. After considering that fact, it’s possible we’ll see the Nugget enter the market through its partner in PA. In fact, this could prove to be a much more cost effective route for the casino.
MGM shows strong push into PA market
Like Golden Nugget, MGM also has partners in PA. In fact, MGM inked a huge deal with Boyd Gaming back in late July. They’re the parent company of Valley Forge Casino in King of Prussia, PA. Which, is in the suburbs of Philly, right outside of NJ.
According to sources, MGM and Boyd will both have opportunities to offer online casinos in any jurisdiction where the two casinos might be. Also, this includes online offerings in sports betting and poker.
One thing is for sure here, this expansion to the PA isn’t a threat to NJ’s well-established market. If anything, it’s casinos in PA that must be on point as developments go forward. The truth is, Borgata’s parent company, MGM brings a lot of knowledge and experience to the scene.
Not to mention, the Golden Nugget also brings a lot to the table as well. Both companies have roots in Las Vegas and Atlantic City. As this story continues to unfold, we’ll wait to see what happens at the November 28th board hearing and see if they get their licenses!