Maybe Las Vegas Won’t Get the Raiders After All

Sheldon Adelson, the billionaire founder and CEO of Las Vegas Sands (NYSE: LVS), convinced the desert gambling mecca to agree to finance a football stadium for him, ostensibly so he could bring the Oakland Raiders NFL franchise to town. Where the casino operator will be kicking in $650 million and the relocating football team another $500 million, local taxpayers and tourists will be paying for the balance through $750 million that will be raised via higher hotel taxes. …read more

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Category: LVS

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