A credit rating agency admits Pennsylvania's new gambling law could 'kill-off' casinos

11.10.17 | Terry Diener

Pro-family groups have been warning about it for years.

The gambling expansion will allow up to 10 new mini casinos to start operating, as well as video gambling terminals in truck stops.

Moody's analyst Peggy Holloway said the moves could siphon revenue from existing casinos.

A spokesman for the Wolf administration said lawmakers tried to address concerns by requiring new casinos to be a certain distance from the current ones, and giving existing operators first dibs on licenses. But Holloway said even with safeguards, she's worried there won't be enough business to go around.