All is Set as Golden Nugget Gets the PGCB Stamp of Approval to Begin Operations in Pennsylvania
Another major player has emerged in the Pennsylvania gaming industry. Golden Nugget Casino has finally gotten the stamp of approval from the Pennsylvania Gaming Control Board (PGCB) to launch and fully begin operations as a Pennsylvania online casino platform.
The final process went down at the meeting between Golden Nugget and PGCB on Wednesday. Golden Nugget Casino is expected to hit the ground running in the coming months.
We’re optimistic that this brand will bring the necessary upgrade to the Pennsylvanian casino scene. Even though it’s entering a pretty saturated market, the chances of success are huge.
Details Of The Meet
The PGCB board, in its meeting, passed a vote to grant Golden Nugget’s online casino plea. The company applied as a Qualified Gaming Entity (QGE) way back on October 26, 2022, and it currently doesn’t have a land-based casino partner in Pennsylvania.
Doug Harbach, the communications director at PGCB, updated new outlets about Golden Nugget’s next steps.
“The petition approved today conditioned the licensure of Golden Nugget Online Gaming. So, they will not be able to go live until after we license both the company and its principals at an upcoming meeting. As was mentioned in this meeting, the target is to have those in front of the Board in the next month or two.”
Golden Nugget splurged $8 million on their application for two certificates- online slots and table games.
What’s in it For Pennsylvania Players
Golden Nugget’s emergence on the scene sure comes with many goodies, including amazing games and special promotions. Check the list below.
- The Super Sidekicks game lets you receive $500 in bonuses when the people you refer to Golden Nuggets sign up and start playing their games to win real money.
- Stand a chance to win one of 600 weekly prizes available to players in the Level Up game. However, you can only gather points and increase your chances of winning prizes by playing games.
- Sign up for a Play+ Prepaid card to receive a $10 casino bonus after your first deposit on the juicy Play+ bonus offer.
The platform has over 500 games, with 400 of them being slots. Some popular slot games include Cleopatra, Da Vinci Diamonds, Gonzo’s Quest, and Blood Suckers.
A Sea of Competitors
It’s undoubtedly not child’s play for GoldenNugget as the brand is entering a market filled with hardworking and innovative competitors. There’re even predictions that the brand may launch alongside multiple online casino platforms.
Fanatics Casino is among the lineup. The sports merchandise company successfully bought PointBet’s US assets in late June, outbidding Golden Nuggets’ principal company DraftKings, to clinch the assets.
Bally Casino also recently launched the brand earlier this month in Pennsylvania. Other online casino gamers should look forward to include WynnBet Casino and bet365 Casino. All we know is the casino scene in Pennsylvania will be buzzing through the second quarter of the year.
However, Golden Nugget won’t be in the dark for too long due to its already-established brand recognition, especially its famous casino in Las Vegas. This feat alone will help capture new customers in the Keystone State.
Golden Nugget Casino and Revenue Development in Pennsylvania
Golden Nugget’s licensing will also contribute more to the fat purse of the Pennsylvanian casino sphere. Although the brand already has retail spots in Atlantic City and New Jersey, its move to the Keystone State was much-needed.
The genius move of proceeding to do this helped generate revenue for the brand. Just last May, Golden Nugget generated a whopping $6.9 million in revenue, finishing fifth just behind BetMGM, BetRivers, FanDuel, and DraftKings.
Let’s run you by some huge numbers that the Keystone state has worked with, according to US iGaming records.
- October 2022: $151.7 million
- November 2022: $155.9 million
- December 2022: $166.9 million
- January 2023: $160.3 million
- February 2023: $162.3 million
- March 2023: $181.5 million
- April 2023: $167.2 million
- May 2023: $170.4 million
Experts have devised two ways Golden Nugget may likely generate revenue from a Pennsylvania online casino. However, it may take a while before the company gets a hold of its revenue generation due to its fresh arrival.
On a short-term basis, Golden Nuggets may generate less than $10 million in revenue for its first few months on the market. After six months, the company is projected to pull in $10 million monthly, tailing behind the big leagues like Hollywood Casino, Valley Forge, and Rivers.