{"id":12061,"date":"2018-08-15T20:37:00","date_gmt":"2018-08-15T20:37:00","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=12061"},"modified":"2018-08-15T21:34:24","modified_gmt":"2018-08-15T21:34:24","slug":"churchill-downs-pulls-the-trigger-on-presque-isle-online-gambling","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/churchill-downs-pulls-the-trigger-on-presque-isle-online-gambling\/","title":{"rendered":"Churchill Downs Pulls The Trigger On Presque Isle Online Gambling"},"content":{"rendered":"<p><strong>Churchill Downs Incorporated<\/strong> (CDI) is now officially part of the\u00a0<a href=\"http:\/\/www.playpennsylvania.com\/\"><strong>Pennsylvania<\/strong> gambling<\/a> landscape. And soon, through its approved acquisition of\u00a0<a href=\"https:\/\/www.playpennsylvania.com\/casinos\/presque-isle-downs\/\"><strong>Presque Isle Downs &amp; Casino<\/strong><\/a>, CDI will offer <a href=\"https:\/\/www.playpennsylvania.com\/online-gambling\/\">online gambling<\/a>.<\/p>\n<p>As part of its\u00a0<strong>Wednesday<\/strong> meeting, the\u00a0<strong>Pennsylvania Gaming Control Board<\/strong>\u00a0(PGCB) approved the transfer of Presque Isle\u2019s\u00a0<strong>Category 1 Slot Machine License<\/strong> from previous owner\u00a0<strong>Eldorado Resorts<\/strong> to CDI. Under the terms, CDI will pay a\u00a0<strong>$3.75 million\u00a0<\/strong>transfer fee.<\/p>\n<p>The most noteworthy news: CDI applied for licenses to offer\u00a0<strong>online slots<\/strong> and\u00a0<strong>online table games<\/strong>, running the new owner a combined\u00a0<strong>$8 million<\/strong>. The <strong>Louisville-based<\/strong>\u00a0racing, gaming, and online entertainment company is choosing <strong>not<\/strong> to pursue online poker.<\/p>\n<h2><span id=\"cdi_makes_quick_work_to_enter_market\">CDI makes quick work to enter market<\/span><\/h2>\n<p>On\u00a0<strong>Monday<\/strong>, CDI announced that the company was in the process of <a href=\"https:\/\/www.playpennsylvania.com\/churchill-downs-pa-deal-finalized\/\">finalizing the acquisition<\/a> of Presque Isle. Though that deal was reliant upon another Eldorado property.<\/p>\n<p>With the PGCB approving the casino\u2019s license transfer to CDI, it also implies that the Louisville company has officially agreed to \u201cassume management\u201d of\u00a0<a href=\"http:\/\/www.playpennsylvania.com\/casinos\/lady-luck\/\"><strong>Lady Luck Casino Nemacolin<\/strong><\/a>, which will still be owned by Eldorado.<\/p>\n<p>Now with Presque Isle in its portfolio, CDI has casino interests in <strong>seven<\/strong> eastern states. In Pennsylvania, though, it is about <strong>more than just casino ownership<\/strong>.<\/p>\n<p>Despite staying away from online poker, CDI applied for licenses to offer online slots and online table games. Each license will cost the new owners\u00a0<strong>$4 million<\/strong>. Down the road, CDI could also dive into another PA gambling market.<\/p>\n<div class=\"redheader-cta tb_edit_table\">\n<div class=\"pusa-table cta\">\n<div class=\"sr-header\">\n<p>Play At Chumba Casino Now with $2 Free &#8211; PAYPAL Accepted<\/p>\n<\/div>\n<ul class=\"pusa-list\">\n<li>\n<ul class=\"pusa-item\">\n<li class=\"pusa-logo\"><a class=\"thirstylink tb_ga_tracking logolinkclass\" title=\"Chumba Casino\" href=\"https:\/\/www.playpennsylvania.com\/visit\/chumba-casino\/\" rel=\"nofollow\"><img decoding=\"async\" class=\"thirstylinkimg\" title=\"Chumba Casino\" src=\"https:\/\/www.pokerscout.com\/wp-content\/uploads\/2018\/08\/061527839980-5030-4.jpg\" alt=\"Chumba Casino\" \/><\/a><a class=\"thirstylink tb_ga_tracking\" title=\"Visit Chumba Casino\" href=\"https:\/\/www.playpennsylvania.com\/visit\/chumba-casino\/\" rel=\"nofollow\">Visit Chumba Casino<\/a><\/li>\n<li class=\"pusa-bonus\">$2 FREEPLUS $10 when you deposit<\/li>\n<li class=\"pusa-details\"><a class=\"read\" href=\"https:\/\/www.playpennsylvania.com\/casinos\/chumba\/\">Chumba Casino Review<\/a>Overall Grade A\n<ul class=\"pusa-item-checklist-alt\">\n<li><i class=\"fa fa-check\"><\/i>Bonus A+<\/li>\n<li><i class=\"fa fa-check\"><\/i>Games A-<\/li>\n<li><i class=\"fa fa-check\"><\/i>Support A<\/li>\n<li><i class=\"fa fa-check\"><\/i>Banking A+<\/li>\n<\/ul>\n<\/li>\n<li class=\"pusa-button\"><a class=\"thirstylink tb_ga_tracking cta-button i15-cta-button\" title=\"PLAY NOW\" href=\"https:\/\/www.playpennsylvania.com\/visit\/chumba-casino\/\" rel=\"nofollow\">PLAY NOW<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2><span id=\"sports_betting_on_tap\">Sports betting on tap?<\/span><\/h2>\n<p>Online gambling is certainly a go for CDI and Presque Isle. The new ownership group has long been interested in entering the regulated <a href=\"https:\/\/www.playpennsylvania.com\/sports-betting\/\">sports betting<\/a> industry.<\/p>\n<p>In\u00a0<strong>May<\/strong>, <a href=\"https:\/\/www.playpennsylvania.com\/cdi-sbtech-golden-nugget-partners\/\">CDI parntered<\/a> with\u00a0<strong>SBTech<\/strong> to build an iGaming platform \u201cconsisting of the consumer website, mobile apps, and back-office systems to manage iGaming and sports wagering.\u201d<\/p>\n<p>As part of the announcement, SBTech CEO\u00a0<strong>Richard Carter\u00a0<\/strong>said the \u201ccombination of Churchill\u2019s leading presence in the U.S. market, coupled with SBTech\u2019s deep expertise in regulated sports betting markets globally, makes for an ideal partnership as we enter this monumental chapter in the U.S. gaming industry.\u201d<\/p>\n<p>During Wednesday\u2019s PGCB meeting, however, CDI hedged a bit when it comes to PA sports betting.<\/p>\n<blockquote><p>\u201cWe\u2019re very interested,\u201d a representative said, \u201cbut have some concerns.\u201d<\/p><\/blockquote>\n<h2><span id=\"pgcb_still_sorting_out_regulations\">PGCB still sorting out regulations<\/span><\/h2>\n<p>By no means is Churchill Downs the first to have such a response. Consider that, as of <strong>July<\/strong>, there were <strong>no applicants<\/strong> for sports betting licenses.\u00a0Concerns surround the\u00a0<strong>$10 million<\/strong>\u00a0licensing fee as well as the\u00a0<strong>36 percent<\/strong>\u00a0tax on sports betting revenue.<\/p>\n<p>Some properties might be waiting for the PGCB to adopt permanent regulations. (Though\u00a0<strong><a href=\"http:\/\/www.playpennsylvania.com\/casinos\/parx\/\">Parx<\/a><a href=\"http:\/\/www.playpennsylvania.com\/casinos\/parx\/\"> Casino<\/a>\u00a0<\/strong>did make steps toward building a sports betting operation after partnering with <strong>GAN<\/strong> <a href=\"https:\/\/www.playpennsylvania.com\/parx-gan-sports-betting-partners\/\">late last month<\/a>.) Though, after the PGCB meeting adjourned, the board did release a new set of temporary regulations on Tuesday. That gives casinos a better idea of how the industry will operate.<\/p>\n<p>However, unless there are drastic changes to the fees and taxes\u00a0\u2014 not to mention the restrictions to online skins (none)\u00a0\u2014 it may not be considered a sound investment to enter the sports betting industry in the\u00a0<strong>Keystone State<\/strong>.<\/p>\n<p>The post <a href=\"https:\/\/www.playpennsylvania.com\/churchill-downs-presuqe-isle-interactive-application\/\" rel=\"nofollow\">Churchill Downs Pulls The Trigger On Presque Isle Online Gambling<\/a> appeared first on <a href=\"https:\/\/www.playpennsylvania.com\/\" rel=\"nofollow\">Play Pennsylvania<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Churchill Downs Incorporated (CDI) is now officially part of the\u00a0Pennsylvania gambling landscape. And soon, through its approved acquisition of\u00a0Presque Isle Downs &amp; Casino, CDI will offer online gambling. As part of its\u00a0Wednesday meeting, the\u00a0Pennsylvania Gaming Control Board\u00a0(PGCB) approved the transfer of Presque Isle\u2019s\u00a0Category 1 Slot Machine License from previous owner\u00a0Eldorado Resorts to CDI. Under the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Churchill Downs Pulls The Trigger On Presque Isle Online Gambling -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/churchill-downs-pulls-the-trigger-on-presque-isle-online-gambling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Pulls The Trigger On Presque Isle Online Gambling -\" \/>\n<meta property=\"og:description\" content=\"Churchill Downs Incorporated (CDI) is now officially part of the\u00a0Pennsylvania gambling landscape. And soon, through its approved acquisition of\u00a0Presque Isle Downs &amp; Casino, CDI will offer online gambling. As part of its\u00a0Wednesday meeting, the\u00a0Pennsylvania Gaming Control Board\u00a0(PGCB) approved the transfer of Presque Isle\u2019s\u00a0Category 1 Slot Machine License from previous owner\u00a0Eldorado Resorts to CDI. 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