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Draft Regulations Comment Form Pennsylvania Gaming Control Board Gamingcontrolboard Pa

Draft Regulations Comment Form Pennsylvania Gaming Control Board Gamingcontrolboard Pa

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back in 2004 X 71 provided some funding I'll call it seed funds to get the gaming console gaming board from a concept to a reality and I'm told that there's about a thirty six million dollar principle balance owed I'm not sure if the interest was paid or capitalized or if there even was a charge but I understand it comes due July of this year so my question is what provisions have been made to repay that is it your intention to pay it in full and who is actually responsible for the cash flow there there are two loans that are being paid back the initial one was at a principal of sixty three million dollars I think it covered three years of regulatory costs in the early parts of the of the gaming industry in Pennsylvania that by statute had up to a ten year payback period so the board was vested with establishing an appropriate means to allocate the correct amount to be paid by each licensee and we did that based upon historical gross terminal revenue so

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