..

Adelson Turns His Back on Raiders: Team Still Committed to Vegas Move

Written by:
Guest
Published on:
Jan/31/2017

Casino magnate Sheldon Adelson has backed out of a deal to relocate the Oakland Raiders to Las Vegas.

After initially pledging $650 million to the $1.9 billion stadium project in Sin City, Adelson abruptly pulled out on Monday, media outlets began learning.  It appeared the billionaire was unhappy with some of the leasing demands by the Raiders organization. 

“The Raiders deeply appreciate the efforts of the Adelson family to bring the Raiders to Las Vegas,” the team said in a statement. “We know this project could not have advanced to this point without them. The Raiders remain steadfast in honoring (team owner) Mark Davis’ commitment to Governor (Brian) Sandoval and the State of Nevada to pursue relocation to Las Vegas.”

Just not without Adelson’s money, and it’s not immediately clear where the new funding will come from.

In a prepared statement, Nevada Governor Brian Sandoval expressed appreciation for what Adelson did in pushing the stadium deal.

“I would like to thank the Adelson family for their role in bringing a publicly-owned stadium to Las Vegas. It is unfortunate that they were unable to come to terms with the Raiders,” the Governor said. “The terms of the legislation do not change and the state’s contribution will not increase as a result of this announcement. I am hopeful that the Raiders are working to secure the additional funds that would have been provided by the Adelson family. At a minimum, we have set up a framework and funding source for building a stadium for UNLV. The process in place outlines that the Stadium Authority Board will continue to evaluate stadium site locations, development plans, and vet all operating agreements.”

The Raiders, meanwhile, are playing some of their best football in years and are among the favorites to excel in the post season next year.

- Aaron Goldstein, Gambling911.com

Football News News

Another Dolphins Mismatch, Another Historic Spread

Another Dolphins Mismatch, Another Historic Spread

The Bills have faced some long odds since the early 90s, but with a matchup against the Dolphins on deck in Week 7, Buffalo finds itself in the position of heavy favorite.

Opening Lines 2019 Week 7 NFL - Possible Survivor Pool Picks

Opening Lines 2019 Week 7 NFL - Possible Survivor Pool Picks

Gambling911.com has your 2019 Week 7 NFL lines below along with some possible Survivor Pool picks.  We did lose our Week 5 play on Chicago but offered our readers the Saints in Week 6.  New Orleans did come through for us.

Where Can I Watch, Bet the Masvidal vs Diaz Fight - UFC 244 From Miami

Where Can I Watch, Bet the Masvidal vs Diaz Fight - UFC 244 From Miami

UFC 244 - Masvidal vs Diaz - will be shown on ESPN+.  As a result, many bars that typically show UFC fights may not be able to.  You will only be able to watch UFC 244 at a handful of Miami area bars.  

Latest NFC East Odds 2019 Ahead of Week 7

Latest NFC East Odds 2019 Ahead of Week 7

Following a loss to the Jets in Week 6, the Dallas Cowboys no longer look like the team to beat in the NFC East.  In fact, the Cowboys, Eagles and Giants all have a shot at winning the division, each with competitive payout odds.

NFL Betting – Detroit Lions at Green Bay Packers

NFL Betting – Detroit Lions at Green Bay Packers

The Detroit Lions have been a nice surprise this season, and if not for a loss to Kansas City two weeks ago they’d be the talk of the NFL. The Lions entered their bye following a crushing 34-30 defeat, their first of the season. They return from the off week with a big test at hand in a critical NFC North matchup with the Green Bay Packers.

Syndicate