Scientific Games’ Perelman backing Graham for president
Billionaire Ronald Perelman, who is the chairman and largest stockholder of lottery and slot machine giant Scientific Games Corp., plans to support the presidential bid of U.S. Sen. Lindsey Graham, R-S.C., despite the Republican candidate’s backing of legislation that would ban Internet gambling.
Scientific Games, which is headquartered in Las Vegas, has a large interactive gaming division that operates online lotteries in the U.S. The company provides products to 39 of the 44 U.S. state-run lotteries and to 50 countries.
Last year, Graham and a Utah congressman introduced legislation to ban online wagering in the U.S. The move is backed by Las Vegas Sands Corp. Chairman Sheldon Adelson but was opposed by other casino companies and state lotteries.
The bill was reintroduced this year and had a hearing in March before a House Judiciary crime subcommittee. Graham is expected to introduce a similar bill in the Senate this year.
Perelman is listed on Graham’s national finance committee, The New York Times has reported.
Perelman, 72, owns 35 percent of Scientific Games through his wholly owned New York-based MacAndrews & Forbes Inc. His company also owns large stakes in cosmetics producer Revlon, medical product developer Siga Technologies and several financial
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Racers will be competing for a $100,000 prize and individuals will have to pay $5,000 for a weekend race experience.
“A lot of people said they thought we wouldn’t be able to do it, that the cost of the insurance would be too high,” Perisset said just before clipping the ribbon in front of the new 14,000-squarefoot building. “We proved them wrong and we now have the safest and most successful car experience in the world.”
The two partners opened the Las Vegas Exotics track with five cars and five employees operating from a tent facility.
They worked for a long-term lease at the speedway and invested $4.5 million on the building, which is on the north side of Speedway Boulevard when entering the complex from Interstate 15. They also sank $3.5 million into the track, which has a 1,800-foot straightaway with seven turns, including an 11 percent banked bowl. The course is marked with titanium-braced barriers.
Since opening, the fleet has grown to more than 50 cars and there are 150 on staff with 30 on site at a time most days.
The new building had a soft opening in March to work out bugs and it has a sign-in desk, an instructional briefing room, a VIP lounge, a driving center for accessories, a covered pit area and a second-story deck with views of the track.
The company has since built a smaller operation at the Los Angeles Auto Racing Club Speedway in Fontana that’s open weekends and some weekdays.
The Las Vegas operation is open nearly every day — except during NASCAR’s racing week in the spring and during Electric Daisy Carnival in June when the track surface is used for parking for those events.
Since 2009, 170,000 people have driven or ridden with Exotics, including Southern Nevada racer Kurt Busch and reigning Indianapolis 500 champion Juan Pablo Montoya.
“Las Vegas is really the best market in the world for what we do because people come here to do something different,” Perisset said. “We have the best toys you can dream of.”
Driving experiences run from $199 to $499, depending on what type of car is used, for five laps. There’s also a $99 two-lap drifting ride-along in a Corvette Z06. Helmets are provided. Thievin was running guests on those high-horsepower rides Thursday.
Perisset said there also are package offers to allow drivers to experience multiple vehicles at a discount and some of the company’s best business comes in gift certificates, corporate events, bachelor parties and VIP experiences.
He said about 85 percent of the drivers are men, but it’s nearly an even split between men and women who arrive at the track spontaneously for rides.
“The emphasis is on safety and having fun,” Perisset said. “We tell our guests that you can drive really fast for less than the cost of a speeding ticket.” Contact Richard N. Velotta at rkelotta@ rekieljournal.com or 702-477-3893. Follol @RickVelotta on Tlitter.