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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.
"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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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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