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

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 casino developer in the world based on revenue, stated it has entered into an agreement to sell its[...]