Bally’s to construct new Category 4 PA venue through Lubert deal
Working in partnership with real estate and private equity investor, and former Valley Forge Casino owner, Ira Lubert, Bally’s plans to jointly design, develop, construct and manage a new Category 4 licensed casino.
Lubert successfully bid for the right to apply for a Category 4 Slot Machine License for a casino to be built within a 15-mile radius of Unionville Borough in Centre County, Pennsylvania in September last year.
Construction is set to start the first half of 2021 and will take approximately a year to complete. The new facility will feature up to 750 slot machines and 30 table games, as well as offer retail sports betting, online sports betting and online gaming.
Bally’s said the project, which remains subject to the receipt of certain regulatory approvals, operating certificates and other customary closing conditions, will cost approximately $120m.