HARRISBURG: The Pennsylvania Gaming Control Board today approved the request to restructure the financing and ownership interests of the partially-constructed casino project in the city of Pittsburgh, a decision that can lead to the completion of the project substantially as approved by the Board in 2006. Completion of the project is expected in August, 2009.

HARRISBURG: The Pennsylvania Gaming Control Board today announced that it will resume the hearing to consider a joint application to restructure the financing and ownership interests in the Pittsburgh casino project on Thursday, August 14, 2008.

The hearing is a continuation of the session begun on July 9, 2008 on the "Joint Application of PITG Gaming, LLC and Holdings Acquisition Co., L.P. for Approval of the Reorganization, Change of Control and Recapitalization of PITG Gaming, LLC and other Relief in Connection Therewith".

HARRISBURG, PA: Susan Hensel, the Pennsylvania Gaming Control Board's Director of the Bureau of Licensing, will be part of a panel discussion on gaming at the 48th Annual Meeting and Regional Policy Forum held by the Council of State Governments. The event will be held August 10-13, 2008 at the Sheraton Hotel in Atlantic City, New Jersey.

HARRISBURG: The Pennsylvania Gaming Control Board today released its first benchmark report to determine the impact of slot machine play on Pennsylvania pari-mutuel wagering.

The report, which compares the status of pari-mutuel wagering between the years of 2006 and 2007, focuses on revenue from slots play and the various indicators of pari-mutuel health such as purse amounts, racing handle(the total amount wagered by patrons) and exporting of live racing signals to other properties both inside and outside Pennsylvania.

HARRISBURG: The Pennsylvania Gaming Control Board today published on its web site the ownership structure of the proposed joint venture agreement by Holding Acquisition, Co., L.P. and PITG Gaming, L.L.C. which, is currently pending before the Board for its consideration.

HARRISBURG: The Chairman of the Pennsylvania Gaming Control Board today reiterated that grants awarded under a program mandated in the Gaming Act are to be used only to enforce and prevent the unlawful operation of slot machines in the Commonwealth, and not for illegal activities involving small games of chance.

Mary DiGiacomo Colins made this announcement following the latest approvals by the Gaming Control Board of five new grant requests totaling $272,364.83 to local law enforcement agencies.

HARRISBURG: The Pennsylvania Gaming Control Board today denied a request by the developers of the Valley View Downs racetrack in Lawrence County to grant a Conditional Category 1 slots gaming license prior to the completion of its background investigation and suitability hearing.

HARRISBURG: The Pennsylvania Gaming Control Board announced today that the location for its Thursday, July 10, 2008 board meeting has been moved to the State Museum Auditorium. The meeting had been previously scheduled to be held at the North Office Building in Harrisburg.

The meeting, which is open to the public, is scheduled to begin at 11:00 a.m. The State Museum Auditorium is located at 303 North Street in Harrisburg.

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HARRISBURG, PA: Eileen H. McNulty, Chief Financial Officer for the Pennsylvania Gaming Control Board, will be the opening speaker for the 83rd Annual State Association of Township Commissioners Convention. The event will be held June 23-25, 2008 at the Willow Valley Resort in Lancaster.

McNulty will be presenting an update on legalized slots gaming in the Commonwealth including figures on revenue for property tax relief, economic development and local government shares.

HARRISBURG: Mount Airy Casino Resort reopened for business today after a severe thunderstorm Saturday evening interrupted power to the non-casino areas of the facility and led to the evacuation of the entire facility including the casino floor.