ï»¿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 wanting 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 in the Keystone State.
Adelson’s Sands Casino Resort Bethlehem is leading the fight against home Bill 1010, which will permit certain establishments to install VGTs real-money that is offering, poker, and other casino games.
You will find currently nearly 27,000 VGTs in Pennsylvania, every one of them in the state’s 12 casinos. If HB 1010 passes, the number could more than double.
John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized locations that are VGT could hurt established 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 will not cause a mass exodus from casinos, but they will feel the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created lobbying organization p […]