Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

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 attempting 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 group to fight proposed legislation that threatens his hold on gambling activity in the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the battle against House Bill 1010, which would permit certain establishments to install VGTs real-money that is offering, poker, as well as other casino games.

You can find currently nearly 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 video 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 founded gaming facilities.

‘That’s an insane wide range of vgts, and we’ve heard of 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 feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For accountable federal Government (PRG), a newly created organ (suite…)

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Is Las Vegas Tourism’s Future Boom or Bust? Professionals Have Varied Viewpoints

Is Las Vegas Tourism’s Future Boom or Bust? Professionals Have Varied Viewpoints

The tourism industry in Las Vegas has recovered all but 1.3 percent through the fallout that is devastating of recession, but what lies ahead for Sin City’s visitor growth for the next five years? It depends who you ask.

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

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

That’s according to UNLV’s Center for Business and Economic analysis director Stephen Miller, who said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a capacity that is limited in 2018, according to a story in the Las vegas, nevada Review-Journal.

Those thoughts have been 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 will have seen for the last three years.

Tourism Records Broken

Visitor numbers in Las Vegas have been spiking since 2015. Occupancy rates in hotels, as well as average room that is daily, have additionally gone up within the past couple of years, according to the LVCVA.

It offers absolutely been a bull market for both the Strip and downtown in vegas. In 2016, 42.9 million visitors flo (suite…)

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