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 video gaming terminals (VGTs) in vehicle stops, restaurants, bars, and off-track betting facilities.
Billionaire casino magnate Sheldon Adelson is funding 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 battle against House Bill 1010, which will permit certain establishments to install VGTs offering real-money blackjack, poker, and other casino games.
You can find presently nearly 27,000 VGTs in Pennsylvania, every one of them in the state’s 12 casinos. If HB 1010 passes, the amount 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 number of vgts, and we’ve seen the impact that’s had on casinos in places like Iowa and Illinois,’ Cunnane said. ‘It won’t cause a mass exodus from casinos, but they will have the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon offered $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created organization that is lobbying th