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