Sands Outspends PA Casinos To Lobby Gaming Expansion
Pennsylvania state legislators have begun debating the legalization of table games this year to help fill a $3.2 billion revenue void in the states budget. Although the budget was passed in early October, including revenue from projected table games, the gambling expansion bill has not been passed yet, as lawmakers haggle over taxes associated with it.
Las Vegas Sands Corp (LVS: 20.06 +7.33%), parent company to Sands Casino Resort Bethlehem has enlisted the help of J.M. Uliana & Associates, spending more than $300 thousand to lobby legislation to approve the bill at the lowest possible tax rate. The House has proposed 34% and the Senate 12%.
According to public documents Sands has spent more than twice as much on lobbying expenses than any other casino operating in the state. The gambling expansion allowing table games in the states casino is the key to Sands expanding its development in Bethlehem.
In June the CEO for the gaming company, had stated that the legalization of table games would allow Sands to build more hotel rooms and add amenities to attract high rollers to the casino.
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