Cordish Approved for Second PA Sportsbook License

The Pennsylvania Gaming Control Board approved a petition from Cordish Companies’ Stadium Casino LLC for a second sportsbook license, although it is not clear where it will be used, possibly at the Live! Casino in Philadelphia (l.).

The Pennsylvania Gaming Control Board last week approved the petition of Stadium Casino LLC, the Cordish Companies subsidiary that owns the Live! casinos in Philadelphia and Pittsburgh, for a second sports betting certificate.

Cordish paid $10 million for the license, which evidently will not apply to either Live! casino. The gaming board had initially rejected company officials’ argument that it should not be required to pay a second fee to create a sportsbook at Live! Pittsburgh, a Category 4 satellite casino tied to the stand-alone license for Live! Casino Philadelphia.

However, Cordish was successful in lobbying for legislation last year that removed the requirement that the satellite facility pay a second $10 million fee, so the payment was not required for a sportsbook at Live! Pittsburgh. Both casinos are offering FanDuel retail sportsbooks.

The newly granted petition allows Stadium Casino to create a sportsbook outside of the two it currently operates, but it was not immediately known where the company plans to place the operation.