Texas is well-known for having some of the strictest gambling laws in the country. Very few forms of gambling are currently allowed here. Sheldon Adelson wants that to change. New reports claim the Las Vegas casino mogul is pushing hard to bring casinos to Texas in the future.
It’s great news for gambling fans in the Lone Star State. For years, Texans have been forced to visit neighboring states in order to play inside a casino. Now is the perfect time to talk about how Adelson could change this.
Let’s get into it!
Las Vegas Sands Mulls Major Casino Sales
Casino companies across the United States have seen massive revenue plummets throughout the year. That includes the biggest ones based in Las Vegas. Things have gotten progressively worse as the colder months began to approach.
Tourism into Las Vegas remains extremely low right now. As a result, many of the casinos in this city have been forced to temporarily shut down during certain days of the week. That includes The Palazzo, one of Las Vegas’ most popular venues.
The Palazzo is operated by Las Vegas Sands. The Sheldon Adelson-run company has been seeing particularly large drops in revenue from its venues in Las Vegas and Macau. Company officials have now been forced to consider drastic measures.
News recently surfaced that officials within LVS were considering selling several of their US casino-resorts. This is seen as an effective way to generate some much-needed revenue. Several analysts predicted that many companies would be interested in taking control of the sold venues.
Nothing has been made official yet. For now, Las Vegas Sands remains focused on cutting down on costs in other ways. We’ll need to wait and see if a major Las Vegas property sale is necessary sometime in early 2021.
Sheldon Adelson still has big plans for the future. News is coming out that he wants to bring major casinos to the state of Texas.
Looking at Sheldon Adelson’s Plans to Bring Casinos to Texas
Texas is one of the few states with laws that completely ban land-based casinos. It’s unusual, as most believe this could help to bring the state a massive amount of revenue every single month. Lawmakers, unfortunately, have been very reluctant to embrace the gambling industry in any way.
Las Vegas Sands CEO Sheldon Adelson wants to see this change. Reports claim that he has some major lobbying efforts planned for 2021. If he has his way, Texas will soon begin allowing major casino-resorts like the ones seen on the Las Vegas Strip.
Andy Abboud, Las Vegas Sands’ top lobbyist, claims Texas is one of the company’s primary focuses right now for expansion.
“We view Texas as a worldwide destination and one of the top potential markets in the entire world,” Abboud said. “Texas is considered the biggest plum still waiting to be out there in the history of hospitality and gaming. They [casinos] are job creators, they hire a lot of additional employees, they have tremendous purchasing power. But they are also tremendous generators of tax revenue.”
It’s hard to argue against that. Many states have recently chosen to allow land-based casino gambling. Most of these states have seen large increases in tax revenue as a result. Texas would be no different.
For now, most gambling fans make the trip to Oklahoma in order to play inside casinos. If Sheldon Adelson manages to bring casinos to Texas in the future, he could help to keep money in the state. We’ll continue offering updates on this situation over the next few months!
Online Casino Gambling Options Available in Texas Right Now
It’s been frustrating for many residents in Texas to see land-based casino legalization efforts fail. The state has a largely anti-gambling stance and it will take some major lobbying efforts to change this. That doesn’t mean it’s impossible to play casino games here, though.
Today, there are a huge number of fantastic online casinos in Texas. Most of these sites are safe and offer a massive range of games to their members. The popularity of these websites has exploded in recent months.
Bovada is one of the most-used casino websites in TX right now. It launched in 2011 and has grown to become one of the most trusted gaming platforms in the country. Bovada provides its members with slots, table games, and even live dealer games that make it feel as if you are playing inside of an actual casino!
Soon, Texas may choose to regulate and tax these websites. That is not the case right now, though. All of the internet casino gaming platforms in the state are based in other countries and do not offer the state any tax revenue.
Sheldon Adelson wants to take things even further. He’s hoping to get casinos in Texas in the future. Adelson is one of the most powerful figures in the gambling industry and has a real shot at finally getting Texas to change its ways.
Do you think Texas will eventually begin allowing online casinos? When do you expect this to happen? Let us know in the comments section below!