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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.
Oink Country Love Slot Launches -
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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