The Pennsylvania Gaming Control Board unanimously voted Wednesday to renew the casino license of Valley Forge Convention Center Partners, operator of Valley Forge Casino Resort in Montgomery County.
The regulator determined that the company had “fulfilled the obligations under its previously approved casino operator’s license” and therefore qualified to have its license renewed for an additional five-year period. The decision was based on a process utilized by the Board that enables both the operator and the public to provide information relevant to the renewal decision.
A public input hearing was held on April 27 of this year in the casino’s host municipality, Upper Merion Township, where personnel of Valley Forge Casino Resort submitted exhibits and presented testimony on various aspects of the facility’s operation since its last license renewal was granted.
The public was also permitted to provide testimony about the casino and its impact on the community. The Board also received information from local government officials, community groups, and the PA State Police, along with the Gaming Control Board’s Office of Enforcement Counsel, Bureau of Investigations and Enforcement, Office of Compulsive and Problem Gaming, and Bureau of Casino Compliance.
Additionally, a public hearing was held in Harrisburg to permit Board members to further question Valley Forge Convention Center Partners representatives about any remaining issues prior to voting on the renewal.
Since its opening in March 2012, Valley Forge Casino has generated $2.04 billion in gross revenue from the play of slot machines, table games, iGaming, and sports wagering, resulting in a return to the Commonwealth of approximately $807 million in tax revenue.
Valley Forge Casino Resort currently operates 850 slot machines, and 50 table games, along with FanDuel retail and online sportsbooks, and both the FanDuel and Stardust iGaming sites. It also currently employs 320 persons.
Original article: https://www.yogonet.com/international/news/2022/11/17/65073-pennsylvania-regulator-renews-license-of-valley-forge-casino-for-additional-5year-period
