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Analyses Of Sheldon Anderson Anti Online Gambling Stance
Tuesday October 21,2014 : A BALANCED VIEW OF THE ADELSON ANTI-ONLINE GAMBLING DRIVE
Respected poker player and writer Jeff Hwang analyses casino tycoon's motivation.
Respected poker player and writer Jeff Hwang, writing in the investment publication The Motley Fool, has examined the Adelson attempt to buy a federal internet gambling ban through the US political system, and his motivation for driving his campaign against the genre.
The factual and generally well-balanced article details the moves Adelson has made in his "rampage" against online gambling since it started in late 2011, and serves as a timely reminder of how much money and energy the aging land casino mogul has invested in his attempts to bulldoze the online industry into the ground.
However, Hwang discounts the common speculation that Adelson's motives are based on fear of competition or unlikely conspiracy theories that he hopes to nudge major land rivals who have supported online gambling into commercial difficulties.
Instead, he appears to accept the billionaire's assurances that the driving force behind his assault is directly and very personally related to his own early life experiences with an uneducated and poverty stricken father who liked to gamble, and his fears as the father of teenaged children on youth problem gambling and addiction generally.
"His family and addiction are constant themes, and fundamentally are the why," Hwang postulates.
It's an interesting and well-argued alternative perspective to the usual assessments, and can be read 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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