FOR IMMEDIATE RELEASE

September 16th, 2011

COMMONWEALTH OF PENNSYLVANIA

Pennsylvania Gaming Control Board
P.O. Box 69060
Harrisburg, PA 17106-9060

CONTACT

Doug Harbach or Richard McGarvey (717) 346-8321

The Pennsylvania Gaming Control Board Approves Fines Totaling $42,000

HARRISBURG, PA: The Pennsylvania Gaming Control Board has levied fines totaling $42,000 for regulatory violations by the operator of two casinos in the Commonwealth.

The fines were the result of consent agreements, approved by the Board at its September 14, 2011 meeting, between the PGCB’s Office of Enforcement Counsel and Holdings Acquisition Co., L.P., operator of the Rivers Casino in Allegheny County and HSP Gaming, LP, operator of the SugarHouse Casino in Philadelphia.

The fines totaled $42,000 and were the result of unauthorized payments for services from 2009 to 2011 to Rush Street Gaming, L.L.C. and Rush Street Gaming Partners, L.L.C. prior to those companies receiving a principle entity license from the Gaming Control Board. Under regulations of the Board, principle entities who receive payments under an agreement with a slot machine licensee shall be licensed by the Board prior to receiving the payments.

Rush Street and Rush Street Gaming were formed in 2009 for the sole purpose of providing oversight and administrative support for gaming companies affiliated with the Bluhm family, whose holdings include Rivers Casino and SugarHouse Casino.  In accepting the consent agreements, the Board determined that the receipt of these payments were improper prior to licensing of the entities, and fined Holdings Acquisition $40,000 for violations involving the Rivers Casino and HSP Gaming $2,000 for violations involving SugarHouse Casino.

The next meeting of the Pennsylvania Gaming Control Board is scheduled for Thursday, October 13, 2011 in Hearing Room 1 of the North Office Building in Harrisburg. The meeting will begin at 10:00 a.m. and the public is invited.

About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act. Pennsylvania’s first new state agency in nearly 40 years, the Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. Currently, the ten casinos in operation in the Commonwealth employ almost 15,000 people and legalized slot machine and table gaming has generated $5.4 billion in tax and license fee revenue since the first casino opened in November 2006. A portion of that money is enabling property tax reduction for all Pennsylvania homeowners, providing needed funding to the Commonwealth’s horse racing industry, funding grants for fire companies and water/sewer projects, and establishing a new stream of tax revenue to local governments for community projects. A wealth of information about the Gaming Control Board and Pennsylvania’s gaming industry can be found at www.pgcb.state.pa.us. At this web site, visitors can view videos of Board meetings and on the operation of the PGCB, obtain information on identifying a gambling problem and gaining assistance, look up future meeting schedules and past meeting transcripts, access an interactive map of casino locations, request a speaker for their group, along with much more information.

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