An aggressive $1 million marketing campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is attempting to block legislation in Pennsylvania that would allow gaming that is video (VGTs) in truck stops, restaurants, bars, and off-track betting facilities.
Billionaire casino magnate Sheldon Adelson is funding group to fight proposed legislation that threatens his hold on gambling activity into the Keystone State.
Adelson’s Sands Casino Resort Bethlehem is leading the battle against home Bill 1010, which will permit certain establishments to install VGTs offering real-money blackjack, poker, along with other casino games.
There are currently almost 27,000 VGTs in Pennsylvania, all of them in the state’s 12 casinos. If HB 1010 passes, the quantity could more than double.
John Cunnane, a Wall Street 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 harm established gaming facilities.
‘That’s an insane wide range of vgts, and we’ve seen the impact that’s had on gambling enterprises in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from gambling enterprises, but they shall feel the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For accountable Government (PRG), a newly formed lobbying company cr “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”の続きを読む