After all the help into bringing the Oakland Raiders to Las Vegas and verbal stating he would pony up nearly $650 million for a stadium, casino magnate and newspaper owner Shelley Adelson pulls out. Nope he’s got the cash, but apparently no one invited him to the stadium party – PBTK
Casino magnate Adelson pulls out of Las Vegas-Raiders stadium deal – Published January 30, 2017 Associated Press
Billionaire casino mogul Sheldon Adelson pulled out of a deal Monday to build a $1.9 billion domed stadium for the Oakland Raiders in Las Vegas.
The move comes on the heels of a team proposal to pay $1 a year in rent and operate the stadium, and it deprives the project of a chief financial backer as officials seek to bring professional football to Las Vegas for the first time.
Adelson played an instrumental role in the effort to lure the Raiders, which eventually grew into a $750 million commitment of taxpayer money to the deal.
He and his family had pledged $650 million — an amount the team will have to seek from other sources. The Raiders have promised $500 million
Continue to foxnews.com article: http://www.foxnews.com/sports/2017/01/30/casino-magnate-adelson-pulls-out-las-vegas-raiders-stadium-deal.html
