\nIn addition to thanking Goodell, Nevada Governor Brian Sandoval (R), and the NFL’s ownership, Davis credited Adelson with making the move possible. “I would like to thank Sheldon Adelson for his vision and leadership, without which this project never would have become a reality,” Davis stated.<\/p>\n<\/blockquote>\n
Casino owners are barred from holding stake in NFL franchises, but Adelson was reportedly interested in providing funding for the Las Vegas Raiders stadium in what many called a legacy project for the 83-year-old. His interest is thought to have convinced the Nevada Legislature to approve a stadium bill that earmarks $750 million in hotel occupancy taxes generated in Clark County to the 65,000-seat domed stadium.<\/p>\n
Billionaire Friends<\/b><\/h2>\n
It’s nice to have friends in high places, and Davis has plenty of them. After Adelson backed out after he got wind that Davis presented a lease agreement to Las Vegas that wasn’t contingent on his involvement, the Venetian and Palazzo owner said, “It’s clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family.”<\/p>\n
With financing in question, Davis sought out the help of Jerry Jones, the billionaire owner of the Dallas Cowboys. According to reports, Jones helped persuade Bank of America into backing the outstanding $1.15 billion Davis needed to move forward with his proposal.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Las Vegas Raiders are likely coming to town for the start of the 2019 NFL season. Welcoming\u00a0professional football to the city, the most popular sport in America, will provide an economic boost to the Strip, and theoretically, help boost the bottom line of gambling stocks. Financial analysts are becoming bullish on publicly traded casino […]<\/p>\n","protected":false},"author":42,"featured_media":47447,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,61,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Raiders Could Provide Boost to Gambling Stocks, Mark Davis Thanks Sheldon Adelson<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n