Las Vegas Sands Corp Opposes Pennsylvania Gambling Expansion

Las Vegas Sands Corp Opposes Pennsylvania Gambling Expansion The Las Vegas Sands Corp threatens to halt hundreds of millions of dollars worth of investment in Pennsylvania if the gambling expansion bill passes the legislature. But it is not the online gambling clause that is causing the opposition - it is the latest clause proposed by a group of Senate members that would permit up to 20 satellite parlors to be installed across the state and owned by 10 state licensed casinos.

According to the CEO of Pennsylvania’s largest casino complex, Sands Bethlehem, Mark Juliano, the proposed parlors would not only jeopardize the chances for online poker and DFS to pass through the Senate, but would also greatly damage the casino industry by drawing people away from every casino in the state.

If the proposal passes the Senate, the satellite parlors will cost the casinos a $5 million license fee each to be allowed to operate. Mark Juliano claims this would cannibalize the industry:

“We’ve got a big investment here and it’s the highest taxed jurisdiction in the country. I don’t know where they think all these new customers are coming from, but we’re certainly not going to continue to make a commitment to reinvest if they follow through with this.''

The HB 2150 legislation was supposed to authorize the addition of slot machines at bars and taverns, but since it was considered a political poison by the Senate majority, the amendment was successfully avoided.

Las Vegas Sands officials consider satellite parlors bad for business in Pennsylvania and damaging a model thats been working for a decade.

“Only about 50 percent of our business is within that 50 miles,” Juliano explained. “The rest is coming from 90 miles away and beyond. This is not good business by Pennsylvania. This only hurts a model that’s been working for a decade.

“We thought all we had to worry about was New Jersey. We didn’t think we had to worry about our own legislators. If this happens, what we have now is all they’re going to get.”

Despite the opposition, the situation seems to be getting LVS to actually fight on the side of online gambling.

“Fundamentally opposed to online gaming, yes,” said Juliano, lest we forget. “But would it keep us from investing? Probably not.”
  • I wonder if this idea came solely from legislators and not from the people involved in the marketing and business aspects of the casino market? It sounds like an unequivocal statement based on business conditions for all operators not just one or two protecting their own turf at the expense of other competitors. Sounds like someone's dumb idea.
  • sheldon is a greedy giant that trys to get his way all the time but i think it will go thru he is not the only one with money and power i am sure that he his going to have a lot of pushback on wanting to own the gambling empire al to his self greedy greedy greedy thanks rose
  • I wish Sheldon would just croak already. He is political poison if you ask me!
  • Las Vegas Sands wants to keep their gambling empire to themselves. This Nevada based corporation and casino magnate worth $28 billionaire Sheldon Anderson have been against online gambling and now they are trying to stop the expansion of gambling in Pennsylvania. I think Pennsylvania needs to look at the big picture and not worry about a threat from this casino operator who has their hands dipping into pockets across the world. I'm sure Sands will survive in spite of what Pennsylvania chooses.

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