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BankrollMob Forum » News » Sheldon Adelson sells Sands Bethlehem for $1.3B and Exits Pennsylvania Casino Market before Legal Online Poker arrives

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mar
15

Sheldon Adelson sells Sands Bethlehem for $1.3B and Exits Pennsylvania Casino Market before Legal Online Poker arrives

Tags: Pennsylvania, Sands Bethlehem, Sheldon Adelson
Posted on Thursday, March 15, 2018 by "T".
Last year, the state of Pennsylvania became the fourth state in America to have online casinos legalized (the other three are Nevada, Delaware and New Jersey), something that the billionaire casino magnate Sheldon Adelson has opposed for years. This week, Adelson's company had announced that they are selling their only casino in the Keystone State. Thursday last week, Las Vegas Sands, the biggest[...]   Read more » Sheldon Adelson sells Sands Bethlehem for $1.3B and Exits Pennsylvania Casino Market before Legal Online Poker arrives

  15-Mar-18, 15:29   #1
Sheldon Adelson sells Sands Bethlehem for $1.3B and Exits Pennsylvania Casino Market before Legal Online Poker arrives 0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2778
I do not know if the future will be long and prosperous for the Indian tribe because the legalization of online casinos in this American state will destroy their plans. I think this is the reason for which the billionaire will sell that casino. Online casinos enter the market and attract many players and this is not good for big casinos . The good way would be for them to open online.

     
  15-Mar-18, 15:34   #2
  0 
godoy 
Joined: Jul '10
Location: Brazil
Age: 38 (M)
Posts: 359
I spend a lot of happiness or return American States for the casino or poker oline because it is more competitive among the market and this is good for players because this is how this bilhman is selling their physical casinos because we want to lose the high performances that they donam how the oline now areceita them caira

     
  15-Mar-18, 17:06   #3
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 46 (M)
Posts: 5235
if he sells his casino for such fabulous money, that means he has a buyer and this buyer will make a profit just like he ... of course online casinos are now very popular .... you do not need to go anywhere ... you can sit at home in your underpants or without underpanties and play any games and tournaments Big Smile

     
  15-Mar-18, 20:46   #4
  +1 
pochui 

Joined: May '08
Location: Lithuania
Age: 34 (M)
Posts: 10089
nice... built a casino for 800 millions, operated for almost 10 years and pocketed some profit in this time and on top of this sold same casino for 1.3 billions= whooping 500 millions of profit. great deal if you ask me. not sure I think the same about the purchase though

     
  15-Mar-18, 21:21   #5
  0 
Sandmanilo 
Joined: Mar '10
Location: Russian Federation
Age: 34 (M)
Posts: 594
It's very good that online poker is gradually coming back to the United States. I hope that sometimes we, poker players, will again have an opportunity to play with americans. I miss a lot old times before the Black Friday.

     
  16-Mar-18, 08:13   #6
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 49 (M)
Posts: 7111
Imagine being able to sell something for 1.3 billion dollars!! There is always money to be made in casinos but, with the boom in online gambling, the profit margins cannot be high enough

     
  16-Mar-18, 08:20   #7
  0 
Mysik86 

Joined: Nov '11
Location: Poland
Age: 32 (M)
Posts: 997
$1.3B Shock Shock
Dear Sheldon Adelson
Could you provide my bank account with some of this money? Maybe $1M will be enough for me, and it's not even 1% of this huge amount of money, you make from this sell.
What do you think?

Regards Big Smile

     
  16-Mar-18, 11:52   #8
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 12993
When you are getting so much money, why not selling.
With 1.38 billions, there is not much thought there Smile
Hassle and stress free money.
Now he will be able to enjoy even a more luxury life.
The money goes to the money, as they say Smile

     
  17-Mar-18, 15:31   #9
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2778
the problem is that these people who make billions they are on a different level and want to make even more money. Many dream to get famous through billions of dollars, euro or something else. Celebrity brings even more money and the thirst for power makes them do not give up their business so easily. Smile

     
  27-Mar-18, 23:30   #10
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 44 (M)
Posts: 8407
What is the future of online poker?
Hypothetically, if Internet gambling, including Internet poker, becomes regulated in most states of the United States in the foreseeable future, which online gaming operator would most likely reap the benefit of the legalization of Internet gambling in the US?

     
BankrollMob Forum » News » Sheldon Adelson sells Sands Bethlehem for $1.3B and Exits Pennsylvania Casino Market before Legal Online Poker arrives

 
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