• About
  • Contact Us
Thursday, June 30, 2022
Crypto Currency Financial
  • Home
  • Crypto News
  • CRYPTO CASINOS
    • Cardano Casinos
    • Ethereum Casinos
    • Litecoin Casinos
    • Tron Casinos
  • MARKET UPDATES
    • BTC ANALYSIS
    • ETH ANALYSIS
    • XRP ANALYSIS
  • About Us
  • Contact Us
No Result
View All Result
Crypto Currency Financial
No Result
View All Result

Las Vegas Sands Pours $17mn into Florida Casino Expansion Effort

Max Steven by Max Steven
July 15, 2021
in Uncategorized
391 8
0
Las Vegas Sands Pours $17mn into Florida Casino Expansion Effort
549
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

Las Vegas Sands, the Nevada-based major casino operator, is understood to have donated $17 million to a Jacksonville-based political committee that is behind two initiatives seeking to expand casino gambling in Florida.

Florida Voters in Charge received the generous donation before a July 1 deadline set by a new law that caps contributions to petition-gathering campaigns at $3,000 per entity.

The political committee has submitted two casino development pitches for the ballot. Under the first proposal, Las Vegas-style gambling with table games such as craps and roulette would be permitted at Florida’s existing card rooms as long as they are 130 miles away from tribal land in South Florida. Card room operators would also be required to invest at least $250 million into setting up their casino operations.

The Seminole Tribe of Florida, owner and operator of the Hard Rock brand, has control over casino gambling in the state, including at seven casinos in South Florida.

The second initiative, if it appears on the ballot and gets approved, would allow up to three new casino licenses to be issued for gambling venues located at least 100 miles away from tribal land. The developers of these venues would have to spend at least $500 million on their projects.

News about the new casino expansion initiatives emerge shortly after Gov. Ron DeSantis signed a 30-year compact with the Seminoles that authorized the tribe to expand its existing casino offering and to provide sports betting services in exchange for contributing at least $500 million to the state for the first five years and sharing a portion of its revenue afterward.

A spokesperson for Florida Voters in Charge told local news outlets that the 100/130-mile radius provision in both proposals is very important because staying outside of the radius does not impact the above-mentioned revenue-sharing agreement with the tribe.

Sands Has Long Been Eyeing Florida’s Market

Las Vegas Sands has previously expressed interest into bringing its signature integrated resort experience to Florida. The company is said to have mostly eyed the lucrative Miami market. Following news about its recent donation, a company spokesperson said it currently has no specific plan for its potential expansion in the state should an opportunity arise.

In March, the company announced that it has entered into an agreement to sell its Venetian, Palazzo, and Sands Expo and Convention Center properties in Las Vegas to private equity firm Apollo Global Management and VICI Properties for $6.25 billion. The deal is expected to close later this year.

Sands said at the time that offloading those properties would enable it to focus more on its Macau and Singapore casino resorts and to explore expansion opportunities elsewhere in the US.

The major operator launched in April a multimillion-dollar advertising blitz calling for the legalization of Las Vegas-style casinos in Texas. The company’s campaign aimed to help a casino bill sweep through the Legislature.

However, the measure had little chance to survive during a session that was dominated by the coronavirus pandemic and the winter weather crisis. In addition, state lawmakers have historically been opposed to gambling matters and lending their support is a task of extreme complexity.

Source: Multimillion-dollar casino proposal could come to Jacksonville, 104.5 WOKV, July 14, 2021

Tags: 17mnCasinoeffortExpansionFloridaLasPoursSandsVegas
Max Steven

Max Steven

Max has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system.

Related Posts

Up to 20x  leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading

Up to 20x leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading

June 28, 2022
How MinersLeague makes mining easy for everyone

How MinersLeague makes mining easy for everyone

June 28, 2022
Shima Capital Leading $6 Million Seed Round For MECH.COM

Shima Capital Leading $6 Million Seed Round For MECH.COM

June 28, 2022
RLD.DAO’s ambition: to be a revolutionary presence in the crypto

RLD.DAO’s ambition: to be a revolutionary presence in the crypto

June 27, 2022
Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals

June 24, 2022
8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

June 18, 2022

Trending

Up to 20x  leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading
Press Release

Up to 20x leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading

2 days ago
How MinersLeague makes mining easy for everyone
Press Release

How MinersLeague makes mining easy for everyone

2 days ago
Shima Capital Leading $6 Million Seed Round For MECH.COM
Press Release

Shima Capital Leading $6 Million Seed Round For MECH.COM

2 days ago
RLD.DAO’s ambition: to be a revolutionary presence in the crypto
Crypto

RLD.DAO’s ambition: to be a revolutionary presence in the crypto

3 days ago
Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
NFT

Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals

6 days ago

Recent Post

  • Up to 20x leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading
  • How MinersLeague makes mining easy for everyone
  • Shima Capital Leading $6 Million Seed Round For MECH.COM
  • RLD.DAO’s ambition: to be a revolutionary presence in the crypto
  • Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
  • 8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem
  • KCC Opens Validator Election, 100% of the KCC Gas Fee Allocated To Active Validators

Categories

  • AI Trading
  • Axia
  • Bitcoin
  • Blockchain
  • Blockchain News
  • Business
  • Crypto
  • Crypto News
  • Cryptocurrency
  • Cryptonews
  • Cryptos
  • Deepcoin
  • Gaming
  • Guest Post
  • ICO
  • Metaverse
  • News
  • NFT
  • Press Release
  • Technology
  • Tezro
  • Token
  • Trading
  • TRADING GUIDES
  • Wallets

Tags

2020 Announces Betting Bitcoin blockchain Brides cannabis Casino Casinos Colorado Content coronavirus Covid19 crypto Cryptocurrency Currency Deal financial foreign Gambling Games Gaming Group Launch Launches live marijuana market Online Partners Partnership Play pot Pragmatic Red reports revenue Simple Slot Slots Solutions Sports Supply unveils William

About

The cryptocurrencyfinancial publishes regular news, analysis and opinion pieces on the latest developments in this fast-moving space. We offer the latest crypto news, expert pricing analysis and insight on the latest ICO's.

Contact Us: [email protected]

  • About
  • Contact Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $47,760.000.100% 24H
    BITCOIN
    24H : 0.100%
    Volume : $25,691,746,641.00
    Marketcap : $902,767,395,534.00
  • ethereumEthereum(ETH)
    $3,750.30-0.42% 24H
    ETHEREUM
    24H : -0.42%
    Volume : $15,543,537,817.00
    Marketcap : $446,191,570,291.00
  • binancecoinBinance Coin(BNB)
    $523.71-0.25% 24H
    BINANCE COIN
    24H : -0.25%
    Volume : $1,715,282,504.00
    Marketcap : $88,112,540,019.00
  • tetherTether(USDT)
    $1.0000.050% 24H
    TETHER
    24H : 0.050%
    Volume : $52,703,800,023.00
    Marketcap : $78,519,198,598.00
  • solanaSolana(SOL)
    $175.020.210% 24H
    SOLANA
    24H : 0.210%
    Volume : $1,660,210,957.00
    Marketcap : $54,115,741,275.00