Dallas City Council Split on Casinos

Amid incremental momentum for Dallas seemly nursing home to a casino hotel, the urban center council has diverging viewpoints on the issue.

Sivan and St. Patrick Dumont and an entity tied to Las Vegas Sands (NYSE: LVS) acquiring 108 acres of soil nigh TX Stadium in Irving, the city council inward Texas’ second-largest city is pondering wading into the casino debate.

Adelson is the widow woman of Sands founding father Sheldon Adelson, and St. Patrick Dumont, the company’s chief financial ship's officer (CFO), is her son-in-law. The families, non the gaming company, at present hold the Mavericks.

But the transaction has stoked venture that the team and Sands could eventually partner on a Dallas gambling casino holiday resort — something at present minority possessor St. Mark Cuban has long pushed for.

The aforementioned land trade and the sale of the Mavericks make prompted the Dallas City Council to deliberate getting involved inwards the elbow grease to decriminalize casino gaming inwards Texas. That travail was frustrated inwards the 2023 legislative session.

Dallas City Council Shows Casino Divide

The Dallas City Council’s arguments for and against casinos are familiar, though pertinent.

At a coming together earliest this month, Councilman disco biscuit Bazaldua said departure on casinos would be a “huge missed opportunity,” noting that a gaming venue could assist the city shore upwards firefighter and law pension off plans. Evidence shows that casinos have bolstered public pensions inwards some cities piece falling shortsighted of that nonsubjective inwards others.

Councilman Chad Rebecca West noted that the casino bills that failed in conclusion twelvemonth promised substantial funding for TX universities, including some campuses in the Dallas area.

Conversely, Councilwoman Carolyn King Matthew Arnold verbalised occupy that a gambling casino inwards Dallas won’t appeal wealthy residents and visitors. But it would rely on business concern from locals with special economical resources.

Seldom ut you consider millionaires in the casinos,” she said at the meeting. “Those are poor people, because it is all almost the care and dream.”

Last month, at a luncheon held by the Dallas Chamber of Commerce, Mayor Eric Johnson (R-Dallas) was noncommittal most casinos. But he noted that any group hoping to bring a gaming locus to the city must actively partner with the metropolis council on that effort.

Dallas Casino Still a Long Way Off

While families with enlighten ties to the gaming industry now own the Mavericks, and Sands owns dry land inwards the Dallas area, a casino hotel appearing in the city is ease a long-term concept.

For that dreaming to go a reality, two-thirds majorities of both houses of the TX general assembly must O.K. amending the state’s constitution. Then, the thing would follow assign to voters. It’s widely expected that if the issue makes it that far, voters would O.K. it.

With 2024 beingness an election year, cassino gaming won’t appear on the legislative docket, significance the earliest Texas will revisit the matter will be next year.

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