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Adelson tells shareholders he remains totally opposed to legalised internet gambling
Thursday June 5, 2014 : ADELSON REITERATES OPPOSITION TO ONLINE GAMBLING
Billionaire land casino mogul tells shareholders he remains totally opposed to legalised internet gambling.
Addressing shareholders of his Las Vegas Sands land casino enterprise this week, Sheldon Adelson used the opportunity to reiterate his strong opposition to the legalisation of online gambling in the United States
One of the world's wealthiest individuals, Adelson told his investors that he is "very, very much against Internet gaming" and will continue to support anti-legalisation initiatives on moral grounds, saying he didn't want poor families to have such easy access to casinos.
Adelson also cited business reasons for his vehement opposition, claiming that internet gambling was a threat to the land-based business that could result in job losses.
"Once the employment of land-based casinos is done away with by Internet casinos, they can't be replaced," he told investors.
Adelson presented impressive results, especially from LVS's Asian operations, to his shareholders at the meeting, telling them of his further Asian expansion plans.
"These [Asian markets] present the most promising and meaningful development opportunities in the world," Adelson said, adding that casinos would help their host countries by attracting investment, increasing employment and expanding their tourist appeal.
Properties in Asia have driven much of the company's revenue growth. In the quarter that ended March 31, Sands' net income climbed 36 percent compared with the same period last year. Revenue rose 21 percent to $4 billion.
In response to a question about his own future with the company, Adelson said he has no plans to step down despite his advanced age.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
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