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
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