December 8, 2020      3:28 PM

Las Vegas Sands gets serious about bringing gaming to Texas

“The state should mandate in the law that you have to make an investment – a minimum investment of $2 or $3 billion – so that you absolutely only get the best companies bidding, and they are forced to build an incredible facility,” said the head of GR for Sheldon Adelson’s casino empire

Observers got a closer look when it comes to casino mogul Sheldon Adelson’s potential strategy to bring gambling to Texas.

Texas is well known for having some of the strictest gambling laws in the country: no sports betting; no casino gambling; and a Texas Racing Commission that has been strictly self-financed by the horse and dog racing industries.

So, the fact the Adelson has hired 10 lobbyists before the session – even as parimutuel betting has suffered steep losses in Texas – is real news.

Andy Abboud, who heads up lobbying for the Las Vegas Sands Corp., told Sheryl Pace of the Texas Taxpayers and Research Association this morning that Texas was a highly attractive market Adelson would want to pursue.

By Kimberly Reeves

Copyright December 08, 2020, Harvey Kronberg, www.quorumreport.com, All rights are reserved