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Focus on Casino Slots in Pennsylvania

A law which was passed in 2004 in the state of Pennsylvania allowed for casino slot machines to operate legally. However, it has been the focus of attempted repeal and amendment since it took effect and does not seem to leave the halls of the state legislature in peace. So far, the casino slots law has remained intact, with the state House deciding to delay a vote on changes endorsed by the Senate. It seems that individual states are having issues with land-based casino games, and are far from discussing online casino legalization and regulation.

There have been over 100 amendments proposed, which have not been able to pass easily. And so, the current flawed law remains intact, which allows for state legislators to own up to 1 percent of a casino slots business. This provision should be eliminated, as should other conflicts of interest. But progress on these amendments is difficult to push through. Lawmakers will have to be especially tenacious when it comes to convincing other members of the state government to seriously look at these issues. Casino slots bring money into the state, but many lawmakers find serious problems with this method of money generation.

The main reason behind the casino slots was the tax relief to property owners supposedly produced by putting in the casino slots and operating them within the state. With 61,000 machines on their way, Pennsylvania will be second only to Nevada in slots. However, its handling of gambling has received criticism. How this matter will proceed regarding the casino slots is still unknown, but hopefully will soon be on the road to correction in the near future.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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