Saratoga Casino Announces Partnership to Develop New Casino in Pennsylvania

SARATOGA SPRINGS – Saratoga Casino Holdings LLC and SC Gaming LLC have signed a framework agreement to develop and manage a Category 4 casino to open near the Nittany Mall in State College, Pennsylvania.

Construction of the casino is already underway and is expected to take approximately one year to complete. Subject to all regulatory approvals, the casino will include up to 750 slot machines, 30 table games, a full-service restaurant, and several quick-serve dining options. The total cost of the project is estimated at $120 million, and upon completion of the transaction, Saratoga Casino Holdings will acquire a majority interest in the property.

“We are excited to partner with SC Gaming and expand our footprint into the competitive Pennsylvania gaming market,” said Sam Gerrity, CEO of Saratoga Casino Holdings. “This collaboration will allow us to leverage each of our strengths and deliver an unparalleled experience to our customers.”

Saratoga Casino Holdings (SCH) owns and operates the Saratoga Casino Hotel in Saratoga Springs, the Saratoga Casino Black Hawk in Colorado, and the Magnolia Bluffs Casino Hotel in Mississippi. SCH is also a partner with Delaware North Companies in the operation of Gideon Putnam Resort and Roosevelt Baths in Saratoga Springs.