Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

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.’

Media Wars

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”

Is Nevada Tourism’s Future Boom or Bust? Specialists Have Different Viewpoints

Is Nevada Tourism’s Future Boom or Bust? Specialists Have Different Viewpoints

The tourism industry in Las Vegas has restored all but 1.3 percent through the fallout that is devastating of recession, but what lies ahead for las vegas’s visitor growth for the following five years? This will depend who you ask.

Las Las Vegas tourism continues to flourish, but several factors could hamper expansion that is future from terrorism to flight pilot shortages.

Several factors point toward slower growth, nevertheless the recovery from the 2008 Great Recession is nearly complete.

That’s based on UNLV’s online casino slots real money Center for Business and Economic analysis director Stephen Miller, whom said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a restricted capacity, in 2018, according to a story in the Las Vegas Review-Journal.

Those thoughts come in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there believe that indicators point toward an upsurge in site visitors, continuing a trend they’ve seen during the last 3 years.

Tourism Records Broken

Visitor numbers in nevada have been spiking since 2015. Occupancy rates in hotels, as well as average daily space rates, have actually also gone up in the past couple of years, according to the LVCVA.

This has surely been a bull market for both the Strip and downtown in Las vegas, nevada. In 2016, 42.9 million visitors flocked to la Continue lendo “Is Nevada Tourism’s Future Boom or Bust? Specialists Have Different Viewpoints”