Online gaming push picks up steam in Pennsylvania

Jun. 15, 2015 2:20 PM ETCaesars Entertainment, Inc. (CZR) StockLVS, CZRBy: Clark Schultz, SA News Editor12 Comments
  • Bills to legalize online gaming in Pennsylvania are seeing support from legislators in the state staring down a projected budget shortfall.
  • While politicians in the Keystone state see online gaming as a way to recoup some tax dollars bleeding to New Jersey, gaming industry officials are looking to tap into the under-40 demographic with online play.
  • One of the bills floating around the State Senate would still require gamblers to visit a physical casino to register their account unless they live more than 20 miles from a gaming establishment.
  • Harrah's Philadelphia (NASDAQ:CZR) is a vocal supporter of the online gaming push, while Sands Bethlehem (NYSE:LVS) opposes it due to the position of parent company CEO Sheldon Adelson.
  • The most interesting part of the online gaming debate could be how much room is left for casino operators to partner with tech companies on initiatives.

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