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, pubs, 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 fight against home Bill 1010, which will permit certain establishments to install VGTs offering real-money blackjack, poker, and other casino games.
You can find presently almost 27,000 VGTs in Pennsylvania, most of them in the state’s 12 casinos. If HB 1010 passes, the number 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 locations that are VGT 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 will not cause a mass exodus from casinos, but they shall have the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly formed organization that is lobby Continue reading “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”