Casino Mogul Ira Lubert Donates $10M to Beaver Stadium Renovation

Ira Lubert, a prominent Penn State alumnus, trustee, and successful casino owner, has donated $10 million toward ongoing renovations at Beaver Stadium, Penn State’s iconic football field. The university announced the generous gift that will give Lubert and his family naming rights, honoring them through the planned Lubert Family Welcome Center.

A Centerpiece Project Will Honor the Lubert Name

The Lubert Family Welcome Center will be one of the signature features in the stadium’s redesign. The ambitious $700 million renovation plan intends to create a better experience for prospective and new students. This gift represents the fourth eight-figure donation for Beaver Stadium’s redesign and elevates the total sum received to $55 million.

Penn State president Neeli Bendapudi praised the Lubert family’s continuing commitment to the university. Alumnus and Penn State Board of Trustees Chair Ira Lubert has been one of the long-standing contributors to Penn State. His $10 million gift adds to his enduring legacy and relentless pursuit of campus facility improvements.

(Ira and Pam) are ensuring that new generations of Penn Staters will discover connection, community, and their path to success from their earliest moments on campus.

Neeli Bendapudi, Penn State president

A “front door” into the university, the Lubert Family Welcome Center will add approximately 47,000 square feet of event space. It will feature resources to support Penn State’s admissions efforts. The Welcome Center will also double down as a multipurpose event space for large-scale gatherings, addressing the local community and athletic department’s growing needs.

Lubert’s Casino Is a Walk Away from the Penn State Campus

Aside from his contribution to Penn State, Ira Lubert is an established figure in the gaming world. He gained significant attention when he won a Category 4 casino license in September 2020 with a winning bid of  $10,000,101. The $123 million project will redevelop the Nittany Mall, just a few miles from Penn State’s main campus, transforming it into a 94,000-square-foot casino.

Before taking on this new project, Lubert was a partner at Rivers Casino Pittsburgh, giving him the necessary experience to pursue such an ambitious venture. His planned mini-casino will offer 750 slot machines, 30 table games, and a sportsbook for a comprehensive gaming experience. Additional amenities will include a restaurant, bar, and fast-food options.

The university has decided not to oppose Lubert’s nearby casino development, likely relying on his expertise to create a safe and sustainable gaming venue. His philanthropic and business endeavors continue to leave a lasting impact on Penn State and its surrounding community and will culminate with Beaver Stadium’s grand reopening sometime in 2027.