PA Gaming Review: Wall Street Loves Barstool and Penn Legislators Eye VGT Expansion
Much of the action in Pennsylvania gaming the past week took place in Harrisburg and Manhattan . For starters, a plan by Gov. Tom Wolf to divert $204 million from the horse racing industry appears to be a scratch this budget year. But then there’s a plan by a key state Senator to raise revenue for PA by widely licensing video gaming terminals , or VGTs , in many locations. Relatedly, the same legislator is proposing licensing and legalization for the devices known as skill games found in many locations outside PA casinos. Meanwhile, Wall Street loves gaming stocks right now, particularly Penn National Gaming , which raised $982.1 million in the sale of 16.1 million shares of $PENN stock . And finally, the Pennsylvania Championship of Online Poker ‘s big wrap-up comes this weekend. Featured is a $200,000 guarantee Main Event. PA lawmakers say whoa to Wolf Wolf’s proposed Nellie Bly Scholarships plan appears dead. Under the proposal, 25...