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.’
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