One of Pennsylvania’s leading casino companies sees regulated online gambling as critical to protecting the revenue – and taxes – generated by the state’s land-based casinos.
Schippers made the comments at a May 6 hearing in front of the House Gaming Oversight Committee.
“We firmly believe” that Internet gaming “is another vital tool to enable our industry to continue to evolve and protect what we’ve built here,” Schippers told the committee.
You can view his complete testimony here.
Schippers also offered a top-level view of revised revenue projections that Penn National has generated for regulated online gambling in Pennsylvania.
Schippers stressed that the projections were “aggressive” and assumed a lack of “restrictor plates” on the industry.
The revised projections are the work of Chris Sheffield, Penn National’s recently-minted Head of Online Gaming.
During a recent earnings call, Sheffield identified four areas of specific focus within online gambling that will underpin Penn National’s approach: social gaming, real-money online gambling, on-property mobile betting and crossover with the racing business.
While several of Pennsylvania’s land-based casinos have announced partnerships with technology partners in advance of online gambling regulation, Penn National has yet to publicly settle on a potential partner.
Penn National recently inked a broader deal with Scientific Games (who count a real-money online gambling platform among their myriad assets), but neither company has commented on whether or not the relationship will extend into Pennsylvania.