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Sheldon Adelson opposition to internet poker confirmed
December 8, 2011 : "It's a personal observation of concerns about technology," says spokesman.
The news this week that Las Vegas Sands mogul Sheldon Adelson is opposed to the legalisation of internet poker has created major ripples through both industry and mainstream media, and has since been confirmed by a Las Vegas Sands spokesman, Ron Reese.
Rees told the Associated Press news agency that the world's richest casino executive and chief of the industry's largest publicly traded company is opposed to online gambling because he doesn't believe available technology is good enough to prevent young people from making wagers on the Internet.
Adelson's opposition is a personal viewpoint, not a formal stance taken by the company, Rees emphasised, revealing that Adelson has not discussed his opposition with the board of directors, and that the board has not yet decided on the company strategy regarding internet gambling legalisation.
"It's a personal observation of concerns about technology," Reese said.
Adelson is out of step with the position adopted by the American Gaming Association, which is now in favour of federally regulated online poker, providing that individual states can opt out if they wish.
Frank Fahrenkopf, the AGA's CEO, told the Association that he met with Adelson on Monday and was told that the gambling magnate would oppose legislation to legalise online poker in the United States.
"Sheldon has long had concerns about this issue, and it is perfectly within his right to make this decision," Fahrenkopf said. "However, the AGA, at the direction of our board of directors, will continue to support federal legislation to allow states to license and regulate online poker."
Associated Press notes that following Black Friday, which chased the biggest online poker operators out of the US market, the AGA has become more vocal in urging lawmakers to close loopholes and craft better regulations.
Fahrenkopf said the association wants federal legislation that allows states to decide whether to offer poker to its residents, keeps kids from gambling online and lets law enforcement shut down illegal operators.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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