Happy Valley Casino hits ‘significant milestone’ with ownership change. What to know
Saratoga Casino Holdings has taken a 60% ownership stake in the Happy Valley Casino, aiming for an April opening and boosting the local economy.Summary
Saratoga Casino Holdings announced Friday that it is now the majority owner (60%) of the Happy Valley Casino, currently under construction at the Nittany Mall. This agreement is considered a “significant milestone” as the casino nears its planned April opening. SC Gaming CEO Eric Pearson stated the partnership will deliver a modern gaming destination, create jobs, and drive economic activity for Centre County. Saratoga’s CEO, Sam Gerrity, highlighted Pennsylvania’s dynamic gaming market and the opportunity to bring Saratoga’s experience to State College. The $120 million, nonsmoking facility will initially feature 600 slot machines, 30 table games, and two dining options: Aces Social and Lucky Break Café. Over 300 people are expected to be employed, pending approval from the Pennsylvania Gaming Control Board. The casino license was originally purchased by Penn State alumnus Ira Lubert in 2020, with construction delayed by legal challenges. Centre County and College Township are projected to receive approximately $1.3 million annually in gaming tax revenue during the first five years of operation.
(Source：Centre Daily Times)