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 trying to block legislation in Pennsylvania that would enable video gaming terminals (VGTs) in vehicle stops, restaurants, bars, and off-track betting facilities.
Billionaire casino magnate Sheldon Adelson is funding a combined team to fight proposed legislation that threatens his hold on gambling task within the Keystone State.
Adelson’s Sands Casino Resort Bethlehem is leading the fight against home Bill 1010, which would permit certain establishments to install VGTs offering real-money blackjack, poker, along with other casino games.
You will find currently nearly 27,000 VGTs in Pennsylvania, every one of them in the state’s 12 casinos. The number could more than double if HB 1010 passes.
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 VGT locations certainly could harm founded gaming facilities.
‘That’s an insane wide range 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 shall feel the pain, no doubt.’
Media Wars
Through Sands Casino Resort Bethlehem, Adeslon provided $1 million to Pennsylvanians For accountable federal Government (PRG), a newly formed lobbying company creati Continue reading
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