Sheldon Adelson; a casino billionaire is an unhappy man.It is not that somebody has angered him or taken the gaming magnet’s money. He is only unhappy about the proposal to erect VGTs in other places.
The gaming magnet is said to be backing an aggressive campaign aimed at showing discontent of the new plan to show his burning agitation over the authority’s purpose of bringing VGTs to truck stops, bars, restaurants, off-the-track betting facilities and other designated places.
His hold in the gaming industry especially his casino prominence in Keystone State because he feels that by bringing video gaming terminals nearly everywhere.
Adelson has reportedly used over $1 million to fund the campaign by erecting several anti-VGT adverts across Keystone State.
The billionaire’s gaming facility, Sands Bethlehem Resort is currently leading the anti-VGT campaign.
According to the HB 1010, if passed, some gaming establishments will be given licenses to establish gaming terminals, which will then be allowed to offer poker, blackjack and other popular games insides designated VGT terminals.
Currently, the number of VGT machines in the entire Pennsylvania are 27, 000. However, if HB 1010 is law, there is a likelihood that the number of VGTs will surge to over 50, 000 or even 60, 000.
As it is the case, Sheldon Adelson is not the only gaming stakeholder who is speaking against the VGT proposed bill.
Another person who has added his voice to this latest gaming expansion bill is a Wall Street Leisure and Gaming analyst John Cunnane.
Cunnane agrees that there is nothing wrong with expanding an industry that is seemingly vibrant and injecting much money to individual state’s treasury. He, however, added that there is a need for gaming authorities to beware of the repercussions the bill will bring to private casino operators.
“With over 27, 000 VGTs, already that is quite a huge number. Trying to double or even triple the number is in itself insane. Nobody can deny the negative impacts these online slot machines have created in places such as Illinois and Iowa. Yes, it might not cause what others call a massive exodus out of our casinos but, for certain operators will feel the pain. There’s no doubt about that,” Cunnane said.
Adelson gave the over $1 million through his Sands Bethlehem casino to PRG, a lobby organization that was recently formed, to produce various high-end adverts to express their non-support for the new bill.
The group has created several radios, TVs, and social media adverts. PRG has gone ahead to secure space and airtime in major media outlets in the whole of Keystone State.
The central message Adelson wants to pass across through the adverts is to show the public that if HB 1010 passes, and other VGT spots are licensed apart from the 12 casinos, that would cost the state more than $1.4 billion each year.
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