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Casino Mogul Adelson Pulls Out Of Las Vegas Stadium Deal: Media


Champ Kind
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2017-01-31T112247Z_1006980003_LYNXMPED0U0MC_RTROPTP_2_CSPORTS-US-NFL-RAIDERS.JPG(Reuters) - Casino mogul Sheldon Adelson has withdrawn his family's financial support for a deal to build a $1.9 billion stadium that would help relocate the National Football League's Oakland Raiders to Las Vegas, local media reported. Adelson, who had pledged up to $650 million toward construction of the stadium, pulled his support after the team presented a lease proposal last week to the Clark County Stadium Authority without his knowledge, he said in a statement on Monday to the Las Vegas Review Journal. Adelson said in October he was prepared to walk away from a deal if the terms offered by the team, owned by Mark Davis, did not improve.

 

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