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Sheldon Adelson Wants Online Gambling Illegal
Thursday June 20,2013 : LAND GAMBLING MOGUL WANTS ON LINE GAMBLING DECLARED ILLEGAL
Adelson appeals to Congress in business interview
Las Vegas Sands land gambling mogul Sheldon Adelson, well-known for his opposition to legalised online gambling in the United States, apparently remains behind the times in his latest Forbes business magazine article.
Writing in Forbes, Adelson says: “I strongly urge Congress to either rewrite the Federal Wire Act, or pass new legislation making internet gaming illegal nationwide.”
On the face of it such a statement would appear to ignore the very sensitive issue of states' sovereignty and rights, and the fait accompli of legalised online poker that has already taken place in Nevada, Delaware and New Jersey, in moves that will no doubt soon be followed by other states.
Adelson argues that the loss of jobs in US brick and mortar casinos, and the possible demise of Native American and racetrack based land casinos is his concern, speculating that 400,000 job losses in the US either directly or indirectly could be triggered due to reduced land casino business.
The staunch Republican businessman, who is not averse to spending large sums of money on lobbying for causes close to his heart, claims that the growth of internet gambling in Europe has resulted in a 20 percent decrease in visitation to brick and mortar casinos, and he says that research also shows that internet gambling revenue has increased by “26 to 28 percent” over the past ten years.
He goes on to list other frequently raised negative factors such as the allegedly uncertain exclusion of underage, problem or intoxicated punters (disregarding the fact that his casinos, like most, serve free drinks).
Labelling online gambling as a toxin to be resisted, Adelson rather grandly and perhaps hypocritically claims that the pastime is a threat to US society.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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