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Stock impact report

Las Vegas Sands opts out of Nassau Coliseum casino bid on Long Island [CBS News]

Las Vegas Sands Corp. (LVS) 
Last las vegas sands corp. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.sands.com/ir-home/default.aspx
Company Research Source: CBS News
The Las Vegas Sands Corporation had proposed a $6 billion resort and casino as part of the development of the site in Uniondale , but company executives told investors Wednesday they will no longer seek the casino bid. The company cited concerns over the popularity of online gambling and the current economic climate. Las Vegas Sands says it's trying to reach out to a third party to take on the bid for a casino at the site. The casino proposal has been a source of contention for Nassau County residents for years. Some in the area opposed plans for a casino , arguing the benefits from revenue would not outweigh the negative impacts. Residents voiced concerns about traffic, noise and pollution, and officials at nearby Hofstra University worried about the effect on students Supporters, meanwhile, were counting on the casino to bring thousands of jobs to the area and millions of dollars in revenue to the county. Three casino licenses are up for grabs in downstate New York. The Show less Read more
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