Isle of Capri, Nemacolin Woodlands Resort nab Pa. gaming license
The casino, Lady Luck Nemacolin, is planned to be fully integrated into the guest experience at Nemacolin Woodlands Resort, and is expected to include 600 slot machines, 28 table games, a casual dining restaurant and lounge. The project will cost approximately $50 million which is to be funded by Isle of Capri Casinos. The project is expected to be complete within nine months of the commencement of construction, which is planned to begin immediately upon the formal issuance of the gaming license.
“In partnership with Nemacolin, we designed a project that would exceed the goals of the Pennsylvania Gaming Act by boosting tourism, creating jobs and boosting state revenues while adding an exciting new amenity to this premier resort,” said Paul Keller, chief development officer for Isle of Capri Casinos. “We appreciate the confidence of the Pennsylvania Gaming Control Board and will remain focused on building a signature Lady Luck Casino that will benefit Fayette County, the entire Laurel Highlands tourism region and the Commonwealth as a whole.”
The Nemacolin Woodlands Resort beat out proposed projects in Gettysburg, Hampden Township and Middle Smithfield Township for the Category 3 license. In order to qualify for an award in this category, a casino site must be in a well-established resort hotel with no fewer than 275 guest rooms under common ownership; not located within 15 linear miles of any other licensed slot machine casino; and, already offer substantial year-round recreational guest amenities on their premises. A Category 3 facility permits maximum of 600 slot machines in operation. A $5 million license fee must be paid to the Commonwealth for that license. In addition, the licensee can petition to operate up to 50 table games at its casino.
The Pennsylvania Gaming Control Board has now awarded 13 licenses. Ten casinos are in operation, six Category 1 licensed facilities at horse race tracks and four Category 2 stand alone casinos, all of which can operate up to 5,000 slot machines and 250 table games. Since the opening of the first casino in November 2006, legalized gaming has returned over $4.7 billion in tax revenue and employs approximately 14,000 persons.