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Money and Politics A dangerous Mix for online gambling

Saturday April 12,2014 :  MONEY AND POLITICS - A DANGEROUS MIX.
 
US Supreme Court confirms wealthy donors can give as much as they wish.
 
The online gambling industry has been served another example of the influence of big money in US politics recently with Sheldon Adelson's seriously well-funded jihad against the legalisation of most forms of internet gambling in the United States, and a Supreme Court ruling on the subject this week is therefore all the more noteworthy.
 
The court ruled on the case of McCutcheon et al v. the Federal Election Commission decision, with Chief Justice John Roberts and his four learned colleagues declaring that under free speech provisions, individual Americans have the right to give as much money and support as they wish to federal politicians  and their party election committees.
 
“Spending large sums of money in connection with elections, but not in connection with an effort to control the exercise of an officeholder’s official duties, does not give rise to such quid pro quo corruption,” Justice Roberts observed.
 
In criticising the decision in an op-ed piece, the publication Enterprise listed Sheldon Adelson's generous donations to the Republican Party and linked that with the land casino owner's preparedness to spend large sums of money in order to secure a federal ban on most types of online gambling, commenting:
 
"We know what the biggest of political donors want. They have their favorite parties, politicians and policies.
 
"Sheldon Adelson, leader of a global casino empire, wants to keep Internet gambling illegal because it competes with his financial interests. He wants to avoid federal prosecution for bribing Chinese officials, and he’s against a two-state solution in the Mideast.
 
“Adelson gave around $100 million to Republican political candidates in the last election. According to the New York Times, one such Republican, Sen. Lyndsey Graham of South Carolina, drafted legislation with Adelson’s lobbyist that would restrict online gambling, and then introduced it in Congress last month."
 
Giving another example of how the super-wealthy may seek to influence political decisions, Enterprise reports that hedge-fund billionaire and founder of the NextGen Super PAC (political action committee) Tom Steyer plans to give $100 million to mainly Democratic Party candidates in the next election.
 
"Everyone knows he cares about environmental issues. He has pledged to use his campaign clout to stop the Keystone XL pipeline and make climate change a focal point in American politics through negative ads and other tactics," Enterprise notes, suggesting that the Supreme Court's definition of corruption may be too narrow when it comes to the political clout such wealthy individuals can wield.
 
Enterprise argues its point by drawing a comparison with practice in the private sector, where the standard for conflict of interest is well-established.
 
"Training sessions required for employees typically ask whether a vendor offering tickets to a ballgame, or making a donation to your favorite charity, or offering to invest in an enterprise run by a friend of yours, would constitute a conflict of interest. The answer is always a clear yes, since the favor given by the vendor cannot be separated, in appearance or in realty, from your decision to do business with his company," the publication observes.
 
"[Chief Justice] Roberts assumes raising campaign funds and getting elected mean so little to candidates that they would never let those things influence the votes they make in Congress or the actions they take as public officials.
 
"He assumes there is no transaction in what looks, smells and feels like the trading of millions of dollars for government actions.
 
"The Roberts court’s complete disregard of political reality is disturbing. Everyone knows what Adelson, Steyer and fellow billionaires on both sides of the aisle want, and everyone knows they are trying to achieve those ends by purchasing the services of elected officials.
 
"By denying the appearance, let alone the reality, of conflict of interest, the court has helped to sell America to the highest bidder."
 
http://www.enterprisenews.com/article/20140411/OPINION/140419065/2011/OPINION/?tag=1



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

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.

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