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 truck 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 task into 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 real-money that is offering, poker, along with other casino games.
There are 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 such an expansion of VGTs and authorized VGT locations certainly could hurt established gaming facilities.
‘That’s a number that is insane of, 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 feel the pain, no doubt.’
Through Sands Casino Resort Bethlehem, Adeslon provided $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly formed organizat Читать далее Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion