Live! Casino Pittsburgh inward Greensburg, Pa., is expanding its footprint with a new 7,000-square-foot events center.
Dubbed The Venue at Live! Casino, the events installation testament reside officially vacant space indoors the Westmoreland Mall. Live! Casino Pittsburgh opened inwards what was formerly a Bon-Ton section lay in inward November of 2020.
Building on the Category 4 so-called “mini” or “satellite casino,” which in PA are permitted to put up up to 750 one-armed bandit machines, 30 tabularize games, and a sportsbook, parent companion The Cordish Companies is diversifying the belongings with an events facility. The Venue, companionship officials say, will opened in tardily June and follow an idealistic legion land site for weddings, corporate functions, meetings, and concerts.
Live! Casino Pittsburgh General Manager Sean Louis Henry Sullivan said the enlargement is to meliorate improve the casino’s trading operations and get inward young visitors to the gaming property.
The casino says The Venue will follow subject of holding 350 guests inward a reception-style sitting layout. For concerts and amusement configurations, the place will get capacity for more than 700 people.
Satellite Success
Pennsylvania’s elaboration of gaming inwards 2017 legalized sports betting, iGaming, picture gaming terminals at sure truck stops, day-after-day fantasy sports, and Category 4 mini casinos.
The Keystone State Gaming Control Board (PGCB) subsequently held tetrad successful Category 4 auction off rounds. Three of the developments hold since opened.
Along with Live! Casino Pittsburgh, a satellite facility tethered to Cordish’s larger Live! Casino City of Brotherly Love integrated holiday resort inward that city’s Stadium District, Hollywood Casino York and Hollywood Casino Morgantown get commenced operations.
Live! Pittsburgh was the top side satellite inward 2021, which was a record twelvemonth for the PA gaming industry. The Cordish Category 4 holding reported land-based revenue gaming revenue (GGR) of $101.5 million. The GGR is inclusive of the casino’s slots, tabularise games, and FanDuel Sportsbook.
Hollywood House of York was a removed sec at just $33.2 million. But the Penn National Gaming belongings only if began trading operations inwards August of 2021. PNG’s second satellite in Westmoreland opened inward December.
Cordish invested to a greater extent than $150 jillion in transforming the Westmoreland Mall anchor stash away into Live! Casino Pittsburgh. The expend includes the company’s $40.1 1000000 bidding fee during the arcsecond PGCB Category 4 vendue around in July of 2018.
Property Reconfiguration
Live! Casino Pittsburgh’s expanding upon news this hebdomad comes quatern months after belongings officials in Dec commemorated their one-year day of remembrance with a renovation announcement. Late finally year, the casino unveiled plans to incorporated a seven-table stove poker room, FanDuel FanCave where bettors put up watch out games on a 173-inch television system screen, high-limit slots area, and gain of 20 electronic gaming tables (EGTs).
Also inward December, Cordish proclaimed it was selling the physical assets of Live! Casino Pittsburgh to Gaming and Leisure Properties, Inc. (GLPI), the tangible acres investment rely of Caesars Entertainment. The transaction allows Cordish to hire Live! Pittsburgh’s operations from GLPI for a lower limit of the next 39 years.
Cordish testament make up GLPI $125 gazillion yearly to running game Live! Casino Pittsburgh, plus Live! Casino & Hotel Free State and Live! Casino & Hotel Philadelphia. GLPI paid Cordish $1.81 1000000000000 for the trine gambling casino properties.