Texas To Consider Online Gambling Law In January
In the South American state of Texas, the billionaire and head of the American casino operator Las Vegas Sands Corporation is actively spending money ahead of the consideration of a proposed bill that will aim to legalize some forms of online gambling.
According to a report from Austin-based KXAN-TV, 87-year-old Sheldon Adelson, who is the chairman and CEO of the Las Vegas-based casino giant, recently joined his wife to provide about $ 4.5 million for the campaign coffers of Republican candidates in the Lone Star State.
The newspaper reported that the investment came after a Texas Democratic House member proposed a constitutional amendment that would allow selected coastal jurisdictions to host online gambling. While similar efforts failed earlier this year, the upcoming measure may allegedly prove more popular with the huge state struggling with an estimated budget deficit of around $ 4.6 billion, as well as economic stagnation caused by the coronavirus pandemic.
Joe Deshotel initiated a constitutional amendment to help his state offset high hurricane insurance costs and provide residents with relief in the event of a catastrophic flood. Moreover, a Port Arthur spokesman stated:
Land-based casino gambling is legal in the neighboring states of Arkansas, New Mexico, Louisiana and Oklahoma. This is the kind of measure that could begin its legislative journey as early as January and could help save Texas money in Texas.
Deshotel told KXAN-TV:
Perhaps now is the best time in quite a long time, when the possibility of legalizing online casinos appeared. We are trying to stop the cash leaving Texas in such gigantic amounts so that it can instead go to the treasury right here and be used to serve Texans in need of help.