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Tags: Sheldon Adelson | Eyes | Vegas | Stadium | Oakland Raiders

Sheldon Adelson Eyes $1.4 Billion Vegas Stadium for Oakland Raiders

Sheldon Adelson Eyes $1.4 Billion Vegas Stadium for Oakland Raiders
(AP Images)

Thursday, 14 July 2016 11:00 AM EDT

Billionaire casino mogul and conservative political donor Sheldon Adelson is reportedly investing in a $1.4 billion project to build a new stadium in Las Vegas to house the Oakland Raiders.

The Guardian reports that Adelson has partnered with Mark Davis, owner of the Raiders, and a real-estate company to advance the deal. Davis says he'll move the California football club to Nevada if the stadium gets the go-head.

But the project cannot move ahead without $750m in public financing — an amount
some believe would be better spent on education, according to The Guardian.

The Las Vegas Review-Journal, Nevada's biggest newspaper which Adelson recently purchased, is going along with the project. In January, it declared the 65,000-seat stadium "a must-do" and an "urgent need" for the glitzy gambling mecca.

Meanwhile, Adelson is reportedly set to donate at least $100 million to help elect presumptive Republican presidential nominee Donald Trump, The New York Times reports.

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US
Billionaire casino mogul and conservative political donor Sheldon Adelson is reportedly investing in a $1.4 billion project to build a new stadium in Las Vegas to house the Oakland Raiders.
Sheldon Adelson, Eyes, Vegas, Stadium, Oakland Raiders
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2016-00-14
Thursday, 14 July 2016 11:00 AM
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