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(BFW) Penn. Gaming Expansion ‘All-But Certain’ This Year: Height

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Penn. Gaming Expansion ‘All-But Certain’ This Year: Height
2017-02-13 13:49:50.186 GMT


By Janet Freund
    (Bloomberg) -- Pennsylvania House launches formal
introduction of gaming expansion legislation, which Height
Analytics analyst Stefanie Miller calls “all-but certain” this
year as both chambers of legislature and office of Governor are
committed to it.

  * Internet gaming legalization is highly likely (95%) to pass
    this year, mostly likely (85%) by May 26, Miller writes in
    note
    * Positive for existing Penn. casinos interested in
      internet gaming CZR, PENN, ERI, ISLE; also for internet
      gaming operators such as AYA and 888:LN
  * Final gaming expansion package likely will include notable
    provisions, such as:
    * Legalization of interactive tablet gaming in airports
      (puts odds at 65%): positive for all aforementioned
      casinos, internet gaming operators, cos. already
      investing in renovations to Philadelphia airport
      including AAL
    * Legalization of multistate progressive slot machines
      (odds at 85%); positive for industry-leader in
      multistate progressives, IGT, potentially all
      aforementioned casinos
  * Thinks it’s “highly unlikely” (<10%) a final package
    includes off-track betting

For Related News and Information:
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First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Janet Freund in New York at [e-mail]
To contact the editor responsible for this story:
Arie Shapira at [e-mail]