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Adelson money may be motivating latest attack on US online gambling
SENATORS BEHIND LATEST ATTEMPT TO HOBBLE ONLINE GAMBLING NAMED (Update)
More indications that Adelson money may be motivating latest attack on US online gambling.
A growing number of US publications are picking up on the introduction to the US Senate last week of bill S.3376 aka "RAWA v.2.0"
Among recent reports is one from the Washington Post, which identified Republican Senators Mike Lee (Utah) and Lindsey Graham (South Carolina) as co-sponsors for Arkansas Senator Tom Cottons proposal.
Graham has long been considered to be influenced by land casino tycoon and major Republican benefactor Sheldon Adelson, and was a leading figure in the introduction of Adelsons so far unsuccessful Restoration of Americas Wire Act to the Senate.
Several publications have commented on news that on the day prior to Cottons introduction of S.3376 Adelson donated $20 million to a super Political Action Committee (PAC) titled the Senate Leadership Commission, an entity with ties to the Republican Senate Majority Leader Mitch McConnell.
The donation came to light through a filing with the Federal Election Commission, and follows several other alleged hand-outs from Adelson or his family to Republican political causes, including a similar amount to a House of Representatives fund supporting Republican candidates, and $25 million to a super PAC supporting the Republican cause founded by football club owner Joe Ricketts.
Somewhat further down the scale, Adelson has also donated $1.5 million to a fund helping Senator Kelly Ayotte, a New Hampshire Republican politician, RAWA co-sponsor and vociferous online gambling opponent.
Adelson spending on this years political elections in the States has been relatively restrained so far, and a long way short of the billionaires reported $150 million in mainly Republican donations in 2012.
Political observers have suggested that the billionaire land casino owner is focusing more on lower levels in the electoral process, such as members of congress and state political contests, where he can best further his interests.
The US press has also made much of the Adelson family’s prominent VIP front seating in the Trump section of the audience for the first Clinton vs. Trump presidential debate earlier this week, and the respect paid to the multi-billionaire by Republican luminaries.
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Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
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ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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