An aggressive $1 million advertising campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is wanting to block legislation in Pennsylvania that would allow gaming that is video (VGTs) in truck stops, restaurants, pubs, and off-track betting facilities.
Billionaire casino magnate Sheldon Adelson is funding a combined 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 House Bill 1010, which will permit certain establishments to install VGTs offering real-money blackjack, poker, and other casino games.
You will find presently almost 27,000 VGTs in Pennsylvania, all of them in the state’s 12 casinos. The number could more than double if HB 1010 passes.
John Cunnane, a Wall Street gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized VGT locations certainly could hurt founded gaming facilities.
‘That’s a number that is insane of, and we’ve heard of impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from gambling enterprises, but they will feel the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For accountable federal Government (PRG), a newly created lobbying company creat Continue lendo “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”