Pittsburgh to Get $10 Million from Rivers Casino

This week Pittsburgh Mayor Bill Peduto announced that the city signed a deal with Rivers Casino that will see the betting spot paying out $10 million through the end of next year.

The announcement was made as Mayor Bill Peduto unveiled his 2017 budget to the Pittsburgh City Council. The deal is good for one year and comes after the Pennsylvania Supreme Court struck down a previous law that required casinos to pay taxes to host cities. Rivers Casino decided to pay up in an effort to show solidarity with Pittsburgh, and made the payment voluntarily. The money will go toward closing a budget shortfall for the city.

Speaking about the payment Rivers Casino General Manager Craig Clark said, "To reinforce Rivers Casino's strong commitment to our hometown, we have worked collaboratively with city officials to ensure that $10 million in annual local share payments from Rivers Casino to Pittsburgh will continue uninterrupted through 2017."

It is thought that Pennsylvania lawmakers are working to adopt a new law that would require the payments while not running afoul of the state's constitution.

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bgsharpe
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30 November 2016 - 12:55am
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Well it seems to me that those 10million as a 'good will' payment is a little bit too much, not that Rivers Casino couldn't afford that but it looks like a blackmail from the Pennsylvania authorities although obviously from the casino decided it's better paying that.