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More Opposition Against Sheldon Anderson

Tuesday October 21,2014 :  MORE OPPOSITION FOR SHELDON ADELSON
 
"When powerful gaming interests are spearheading the fight to ban online gambling, it should give you pause."
 
Erik Telford, senior vice president at the Franklin Center for Government & Public Integrity in the United States, has come out strongly against the political influence leveraged by land casino billionaire Sheldon Adelson in his bid to ban almost all forms of online gambling.
 
In an op-ed article in the influential political publication The Hill headed "Ending the cycle of casino cronyism," Telford opines: "When powerful gaming interests are spearheading the fight to ban online gambling, it should give you pause.
 
"Their main policy objective is focused on federal legislation to ban online gambling outright – stifling their competition before it ever reaches the market.
 
"It is a glimpse of crony capitalism in its most naked form, and represents a very troubling assault on Internet freedom, giving government a foot in the door for a broader regulatory regime and usurping our federalist system."
 
Telford reprises the now well-known background to Adelson's expensive campaign to outlaw online gambling, covering the Department of Justice's back down on the Wire Act in December 2011 and the casino mogul's current political attempts at federal level to resurrect its provisions in Restoration of America's Wire Act legislation driven by Sen. Lindsey Graham and Representative Jason Chaffetz in Congress.
 
Telford characterises these attempts thus: "While their pretense is to advance a moral good, this policy would undermine the free market, encourage crime, and erodes the constitutional concept of states’ rights."
 
He quotes free market advocates, who agree that consumers would enjoy more security if online gambling was regulated and licensed in the United States as has been the case in many other countries.
 
“In this black market, where virtually all sites are operated from abroad, consumers have little to no protection from predatory behavior.” he quotes officials of the Institute For Policy Innovation in their address to congressmen on the proposed internet gambling ban recently.
 
“Perhaps even more concerning is the fact that this bill allows the federal government to take a heavy hand in regulating the Internet, opening the door for increased Internet regulation in the future,” they cautioned.
 
Telford concludes:
 
"Just like Prohibition in the 1920’s, banning this vice would actually incentivize criminal behavior. Those fearful of fraud, child participation, and profits diverted to gangs or terrorists should push for legalization in every state to make the industry as transparent as possible.
 
"Legalizing this long-established, multibillion dollar business gets the profits out of the shadows, expands market opportunities, and puts revenue into the coffers of both legitimate business and state governments that will benefit."

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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