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Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

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Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million marketing campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is trying to block legislation in Pennsylvania that would enable gaming that is video (VGTs) in vehicle stops, restaurants, bars, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding a combined team to fight proposed legislation that threatens his hold on gambling activity within the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the fight against home Bill 1010, which would permit certain establishments to install VGTs offering real-money blackjack, poker, along with other casino games.

You can find presently nearly 27,000 VGTs in Pennsylvania, each of them in the state’s 12 casinos. The number could more than double if HB 1010 passes.

John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that such an expansion of VGTs and authorized VGT locations certainly could hurt founded gaming facilities.

‘That’s a number that is insane of, and we’ve seen the impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from casinos, but they will feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly formed organization that is lobby Continue reading

PAGCOR Says Manila Casino Mass Killing Won’t Hurt Gaming Revenue, or Influence Martial Law Directive

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PAGCOR Says Manila Casino Mass Killing Won’t Hurt Gaming Revenue, or Influence Martial Law Directive

PAGCOR, the Philippines Amusement and Gaming Corporation, is none too concerned on the long-term financial implications stemming from the terror that is recent on Resorts World Manila that left 37 innocent dead.

About that Resorts World Manila attack? Shouldn’t have any impact that is negative video gaming revenue, so states PAGCOR Chairwoman Andrea Domingo.

PAGCOR CEO Andrea Domingo told reporters this week that her agency doesn’t expect the united states’s casino industry to suffer due to the tragedy.

On June 2, a guy reportedly enduring a gambling that is severe, entered Resorts World within the capital city and lit elements of the gaming floor on fire.

‘As of now, I don’t see any effect on the gaming industry,’ Domingo stated, as reported by Malaya company Insight. ‘Since January, we’re averaging P5 billion ($101 million) a month, to ensure that’s around P25 billion as of might. I think we are going to have the ability to strike the target of P60 billion and above.’

The reason for Domingo’s seemingly unwarranted optimism is that the Resorts World attack is not thought to own been linked to any terroristic organization. Capital Region Police workplace Chief Oscar Albayalde said the suspect, whom later committed committing suicide, was greatly indebted to the casino and that was their main motive.

Unrest in Philippines

While many Americans feel President Donald Trump is un Continue reading

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