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Adelson on Bloomberg's business TV channels

Friday May 9,2014 :  ADELSON HOLDS FORTH IN BLOOMBERG T.V. INTERVIEW
 
But can he really be so ill-informed on internet gambling?
 
Land casino mogul Sheldon Adelson took his jihad against US online gambling to Bloomberg's business TV channels this week in an interview with Betty Liu which showed either a deliberate or ill-informed disregard for the facts.
 
Our thought the ninth wealthiest man in America came over as somewhat overbearing and even arrogant, bolstered by a confidence that has admittedly been earned by the outstanding success of his land business ventures under the Las Vegas Sands banner.
 
Readers can judge for themselves by viewing the vid here:
 
http://www.bloomberg.com/video/adelson-no-reason-exists-for-online-gambling-Fn5ejASFSWOLW5UydR9m8Q.html
 
Among the points he made that jarred:
 
* Perhaps unintentionally, he gave the snobbish impression that internet gambling was in his opinion for the "poor... working class... middle class - unfortunate people" and that his land casinos attract a better-off class of gambler. That sort of hubris does not sit well. Furthermore it's simply not true in a general sense, taking into account the numerous independent surveys that show the preponderance of well-educated young punters in the professions who entertain themselves online, and the considerable sums of money that are reflected in high stakes poker games and progressive slots online.
 
* His boast that his enterprises are larger than all the other land gambling operators combined may be true but create a perception of a braggart.
 
* One of the central themes of the Adelson jihad against online gambling is his questionable claim that the genre facilitates money laundering, and sure enough he used this one in the interview, along with his "casino in every pocket" throwaway. That criticism reeks of hypocrisy when the news that his company paid a $47 million settlement to end an investigation into money laundering claims at his Venetian property in Las Vegas is still fresh. It has similar echoes of hypocrisy to his company's involvement in online wagering on horse racing.
 
* Adelson also made the startling assertion that regulation was absent in online gambling, whilst his land enterprises are licensed in several jurisdictions. It is difficult to believe that a successful businessman like Adelson is not well enough briefed to know that online gambling is well and successfully regulated in a number of international jurisdictions across Europe, and in three states in the USA renowned for strict requirements.
 
* His claim that the technology to exclude under-age and problem gamblers is inadequate, and that he can better vet and track players in his land-based establishments is also arguable.
 
* Adelson claims that he is not motivated in his fight against online gambling by protectionism for his land based casinos, saying that internet players are not his sort of market. That undermines the already debunked arguments from other anti-online gambling bodies that internet gambling cannibalises land casino revenues.
 
Adelson was at least modest in answering Liu's question on whether he is a good blackjack player (he admits he is not).
 
He reiterated in the interview his intent to spend "whatever it takes" to outlaw US online gambling; that has repeatedly been backed by media reports on his hiring of politicians and lobbyists, along with the funding of the Coalition to Stop Internet Gambling.
 
Asked by Liu how much he has spent so far on his tilt at the online gambling windmill, Adelson flatly declined to respond.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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