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Adelson to clash with Disney Over Florida Online Gambling

Monday August 25,2014 :  ADELSON SHAPING UP FOR ANOTHER MAJOR CONFRONTATION
 
The clash with Disney is likely to be monumental.
 
Las Vegas Sands multi-billionaire owner Sheldon Adelson has been making headlines with his implacable opposition to online gambling in the United States, but he may face a more formidable foe to his company's expansion in Florida.
 
The investment publication Motley Fool reports that the Walt Disney World Resort in Orlando is a cornerstone of Disney's global operations, comprising more than 31 percent of the company's revenue in 2013, and one of its most successful and fast-growing enterprises.
 
And it sees attempts by Adelson and others to introduce massive casino resorts into the region as threats, potentially diluting the massive flow of 18.6 million visitors it enjoyed in 2013.
 
Earlier this year Disney vigorously opposed legislation to allow casino expansion into Florida, led by Adelson's company.
 
At present, state law in Florida allows for eight Native American casinos with Vegas-style gambling, and 31 pari-mutuel betting facilities. The threat to Disney is that LVS can offer a family-friendly, fully integrated resort that includes not just gambling, but many forms of non-gaming entertainment.
 
With theme park revenues alone of $14 billion last year, Disney's clout outpaces even LVS, which reported total revenues of $13.77 billion in 2013.
 
The issue is being highlighted as the November election of the state's next governor looms, with the main contenders Republican incumbent Rick Scott (known to have visited Adelson and to have ambitions beyond Florida) and Democrat Charlie Crist.
 
The two are embroiled in an at times vicious political competition for power as each seeks to demean the morals and business-development potential of the other, aided by competing state interests.
 
Both have been treading carefully around the gambling and casino issue, but the media and the voting public are becoming increasingly insistent that they are specific in their views, and the expectation is that they will have to nail their colours to the mast soon.
 
Given his relationship with Adelson and ambitions for the White House, Scott seems likely to back the LVS expansion into Florida. He has a record of claiming that gambling expansion can create more jobs and tax revenues for the state.
 
A study commissioned by Florida lawmakers in October last year showed that allowing full casino resorts could increase spending in Florida by $1.5 billion annually.
 
According to Bloomberg business news, Disney has contributed $1.7 million to Florida lawmakers since 2012, though gaming companies and interests combined have contributed $3.4 million.
 
That sort of money invariably gets the attention of lawmakers, and the indications are that Adelson could have a major fight on his hands with a formidable opponent in Disney.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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