Las Vegas Sands Pours $17mn into Florida Casino Expansion Effort
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Las Vegas Sands donated $17 million to a political committee that is behind two initiatives seeking to expand casino gambling in Florida. The Seminole Tribe of Florida has control over casino gaming in the state, including at seven casinos in South Florida, and it has a 30-year compact with the governor. The governor signed a compact that authorized the tribe to extend its existing casino offering and provide sports betting services in exchange for contributing at least $500 million for the first five years and sharing a portion of its revenue afterward.
Las Vegas Sands has donated $17 million to a Florida casino expansion effort. The company has long been interested in bringing its integrated resort experience to Florida. In March, the company announced it has entered into an agreement to sell its Venetian, Palazzo, and Sands Expo and Convention Center properties in Las Vegas for $6.25 billion.
