The Las Vegas Sands group, known for its luxurious casinos and which concluded an agreement to become a significant stakeholder in the Dallas Mavericks last year, is expected to file a petition in Texas, United States, for the legalization of online casino gaming.
The group is just one of many other major players in the industry that has long advocated for expanding casino regulations in the state.
Thus, with the filing of the petition, the formation of the Texas Sands Political Action Committee began, a lucrative effort that sought to increase the chances of a regulated gambling framework in the region.
Tilman Fertitta, owner of the Golden Nugget, also supported Texas’ proposal to embrace the casino industry and the benefits it could bring.
In a recent comment to Bloomberg, Fertitta said the casino industry could have a profound impact on bringing tourism to the region, specifically where it will be built.
The owner of the Golden Nugget stated, “We need to do everything right and build the casinos and not just have a bunch of slot machines in every supermarket.”
The development of a possible bill to legislate on casinos in Texas gained momentum, mainly after the support of the Adelson family.
Political support is still limited for allowing casinos in Texas
Mark Cuban initially purchased the Mavericks in 2000 for around $285 million. But the acquisition of the Adelsons at the end of last year in the region significantly increased the sports team’s valuation.
The family, which has several businesses in the casino and betting market, is doing its part and promoting legislation. But pressure also comes from neighboring markets. Nearby cities know they can benefit from a successful casino industry.
However, as much as popular support for the bill has grown, support from government officials in Texas remains limited.
