A controlling share in the Happy Valley Casino has been acquired by a New York-based casino operator, which they claim will help the establishment come to completion before its April debut.
In a news release on Friday, Saratoga Casino Holdings stated that it now owns the majority of the casino being built at the Nittany Mall. Saratoga owns 60% of the casino, a corporate representative informed the Center Daily Times.
When asked how much the arrangement was worth, they did not respond.
ALSO READ: First Nation purchases a different local casino
“This agreement represents a significant milestone for the Happy Valley Casino project as we move toward opening just months away,” SC Gaming CEO Eric Pearson said in a written statement. “Partnering with Saratoga positions us to deliver a modern gaming destination that meets the highest regulatory and operational standards, creates meaningful employment opportunities for the Community, and serves as a powerful new driver of economic activity for Centre County.”
The two companies said they would jointly develop and manage the casino, describing it as a way to combine Saratoga’s operational experience with SC Gaming’s local leadership and development expertise.
Courtesy: https://www.covers.com, https://www.casino.org, https://pechanga.net
