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 vehicle 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 may permit certain establishments to install VGTs offering real-money blackjack, poker, as well as other casino games.
You can find currently nearly 27,000 VGTs in Pennsylvania, most of them in the state’s 12 casinos. If HB 1010 passes, the quantity 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 harm founded gaming facilities.
‘That’s an insane amount of vgts, and we’ve seen the impact that’s had on gambling enterprises in places like Iowa and Illinois,’ Cunnane said. ‘It will not cause a mass exodus from gambling enterprises, but they will have the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For Responsible Government (PRG), a newly created organiz Continue reading