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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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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.

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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.

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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.

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