Six months after Bally’s withdrew from the project, a new partner has entered the picture for the casino under construction at the Nittany Mall.
SC Gaming, the Ira Lubert-led company behind the State College area casino, and Saratoga Casino Holdings LLC have signed a framework agreement to develop and manage the venue inside the former Macy’s location at the mall, pending regulatory approvals.
The deal calls for Saratoga — which operates Saratoga Casino Hotel in New York, Saratoga Casino Black Hawk in Colorado and Magnolia Bluffs Casino Hotel in Mississippi — to acquire a majority interest in the property upon completion.
“We are excited to partner with SC Gaming and expand our footprint into the competitive Pennsylvania gaming market,” Sam Gerrity, CEO of Saratoga Casino Holdings LLC, said in a statement.
