Lubert, a 1973 graduate of Penn State who serves on the university’s board of trustees, appears to have had interest in bringing gambling to Centre County before. Lubert could not be immediately reached to comment Wednesday. He has six months to submit an application to the Gaming Control Board for a mini-casino license within his reserved zone. Ira Lubert, chairman and co-founder of Philadelphia real estate investment firm Lubert-Adler, submitted a winning bid of more than $10 million, besting another unidentified offer that was opened Wednesday at an auction hosted by the Pennsylvania Gaming Control Board.Īs a potential location for the mini-casino, Lubert selected a center point fixed on Unionville, Centre County, effectively reserving a 15-mile radius around that spot. A Philadelphia investor who once headed the ownership group of Valley Forge Casino Resort won the state’s latest - and perhaps last - mini-casino auction Wednesday, reserving a zone near State College that could one day host a gambling hall with up to 750 slot machines.
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Local organizations were mostly left out, although Gallagher said his team was able to devise an interim community support program The financial support the town of Oxford, the county of Oxford and Maine Department of Education, along with others, received in 2020 was less than half than in 2019. “We are proud that this team weathered all the challenges and continues to set and meet high expectations for our property to deliver a safe, clean, compliant, and fun atmosphere.” “Despite constant and unpredictable change during the pandemic, our Oxford team responded with flexibility and resilience,” said General Manager Matt Gallagher in a statement to the Advertiser Democrat. And in 2023 it saw its best performance since its opening in 2012. Remarkably, the casino roared back in 2021, pulling in revenues that year on par with 2019, the year that ended as COVID-19 started. By late spring the casino was able to welcome gaming and hotel guests back at full capacity.īut after 14 months of no or limited business, the casino, its employees, the many beneficiaries of its cascade revenue distribution and local community organizations felt the pain. The number of people allowed in the building increased from 200 starting in July of 2020 to 1,400 the following March. Emerging from a COVID-era slump, Oxford Casino Hotel produced a record-setting revenue mark in 2022. Our archive of past Newsmakers is available here. Send Mother Lode News Story photos to “Newsmaker of the Day” is heard each weekday morning on AM 1450 KVML at 6:45, 7:45 and 8:45 a.m. Report breaking news, traffic or weather to our News Hotline (209) 532-6397. On Fridays from 6 to 9pm, winners will be selected to s. Sign up for our Breaking News Alerts and the Daily Newsletters by clicking here. Start your engines The Grand Tour is going on now at Black Oak CasinoResort. 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