The Unique Story Of The Lady Luck Casino
Lady Luck Casino Nemacolin is an amenity to a large resort complex. It is the only casino in Pennsylvania with a private airport as well as the smallest. Joseph Hardy is the Pittsburgh lumber entrepreneur who bought the casino in 1987 at a public auction. His daughter Maggie Hardy-Magerko later received ownership. The group triumphed over three contenders in 2011 for the Category 3 casino license from the state.
In 2013 the casino site opened in an entertainment center. The Isle of Capri leased the operations. Eldorado Resorts later acquired the Isle of Capri. The complex encompasses 2,000 acres, two golf courses, accommodations, food, pools, spas, a holistic center for health, outdoor sports, a wildlife academy, a field club, a zoo and a pet resort. The lodging includes townhomes, suites and hotels. The resort is located in Farmington on historic land. The name Nemacolin comes from the Delaware Nation chief who assisted in the route being carved into Ohio. General George Washington later expanded the trail. This eventually became Route 40.
Lady Luck is a private casino with low entry barriers. The three accesses include registered guests, resort patrons and members. This is the smallest casino in Pennsylvania. The gaming floor is 70,000 square feet and is filled with the maximum of 600 slot machines available for the Category 3 casino. There are additionally 27 of the fifty allotted gaming tables. The 2016 through 2017 gaming revenue was in excess of $34 million. This is one percent of the total of the industry. The state and local government received $17 million in taxes.
Lady Luck holds an interesting place in Pennsylvania gambling. Eldorado Resorts is the co-owner of the casino. They appear to be taking the leap into online gambling. They operate well over two dozen different properties all over the county. Eldorado Resorts are also currently involved with a significant expansion. An agreement was made by the group in April to lease seven of the Tropicana Entertainment casino locations. This involves an investment for $640 million with Gaming and Leisure Properties.
Part of this deal involves Tropicana Atlantic City. This provides a New Jersey position for Eldorado. New Jersey has legalized iGaming. They additionally operate three Nevada properties soon to be increased to five. The only state with online gambling missing is Delaware. The Presque Isle Downs & Casino was the other Pennsylvania casino owned by Eldorado but this has been recently sold. This has created a little confusion over Eldorado's plans for the Commonwealth. They are not expected to be timid regarding the market.
There is a slight chance another party such as the Stars Group may try to leverage the casino license for the land based casino to enable some form of online gambling. One of the products by PokerStars would make sense in Pennsylvania. Any chances of a potential partnership at this time is based strictly on speculation. The acquisition of the Tropicana AC operations by Eldorado means they probably acquired the Gamesys partnership. There was a long standing agreement in effect.