HARRISBURG, Pa., Sept. 7, 2016 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today levied a joint fine of $30,000 against SugarHouse HSP Gaming Co., LP, operator of the SugarHouse Casino in Philadelphia and Holdings Acquisitions Co. LP, operator of the Rivers Casino in Pittsburgh.
The fine of $15,000 each was approved against SugarHouse HSP Gaming Co., LP and Holdings Acquisitions Co. LP for failure to notify the Board in a timely manner of the transfer of ownership interests held in three licensed trusts to three newly created and unlicensed trusts.
The next meeting of the Pennsylvania Gaming Control Board is scheduled for 10:00 a.m., Wednesday, October 5, 2016 in the PGCB's Public Hearing Room located on the second floor of Strawberry Square in Harrisburg.
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 and is tasked to oversee all aspects of the state's casino industry. There are 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos. These facilities collectively employ 18,000 people and annually generate more than $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners with additional tax revenue going to the horse racing industry, economic development projects, fire companies, county fairs, water and sewer projects, the Commonwealth's General Fund, and to local governments that host casinos.
Additional information about both the PGCB's regulatory efforts and Pennsylvania's casino gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.
Doug Harbach or Richard McGarvey
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SOURCE Pennsylvania Gaming Control Board