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Sheldon Adelson is a tough opponent
Saturday 10/25/2014 : KNOW YOUR ENEMY TWO
Make no mistake; Sheldon Adelson is a tough opponent.
Several astute industry observers have commented recently that there's almost an air of complacency in the online gambling industry regarding the efforts of casino tycoon Sheldon Adelson to stop internet gambling in the US in its tracks.
They warn that dismissing Adelson as an ageing technophobe averse to commercial competition is a mistake, pointing to the progress that his influence and money has achieved in the political arena since he launched his Coalition to Stop Internet Gaming activist group late last year.
The message is: Don't underestimate Adelson - he hasn't created a $34 billion personal fortune by being stupid, and he hires clever and successful people who learn from their mistakes.
They keep their arguments simple albeit frequently misleading through omissions and questionable hypothetical parables, but that can work with audiences - including politicians - that are typically only superficially aware and clued up when it comes to the online gambling industry.
Adelson's hirelings are keeping the pressure on through a steady, varied and coordinated barrage of op-ed articles, political activity, lobbying and paid advertising....and it has to be said that the industry view does not appear to be achieving competitive levels of public exposure.
Interviewed by Global Gaming Business publisher Roger Gros before a crowd of a thousand delegates at the G2E expo and conference in Las Vegas last week, Adelson used the opportunity to remind the audience that he is a self-made man from humble beginnings and remains family-oriented when not ruthlessly pursuing his business interests.
His performance at G2E suggested confidence bordering on arrogance and a determination to succeed, but also displayed a sense of humour that clearly resonated with the audience, and cast a more human light on his often demonised persona.
The part of his interview concerning his implacable opposition to internet gambling was videoed by industry expert and personality Nolan Dalla, and can be viewed here:
Dalla added his own sardonic and at times even facetious sub-titles, but the 13 minute vid gives a good idea of Adelson's ability to create audience appeal on a contentious subject.
Incidentally, fellow land casino mogul Steve Wynn, who has in the past clashed with Adelson but appears to support him on the internet gambling issue, was in the front row of the G2E audience and was acknowledged as a friend by Adelson.
The full Adelson interview by Global Gaming Business is rather longer, and embraces Adelson's thoughts on the land gambling scene and his business philosophy, dealing especially with his massively successful pioneering venture in Macau...it makes for very interesting viewing and can be accessed here:
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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