LVS Owner Sheldon Adelson opposed to Online Gambling
Monday, April 30,2012 : LAS VEGAS SANDS OWNER REMAINS OPPOSED TO ONLINE GAMBLING
"You don't want a casino in every home," says land gambling mogul Sheldon Adelson
Sheldon Adelson, a Republican Party supporter and land gambling tycoon who has been a consistently vehement opponent of internet gambling legalization in the USA in any form, reiterated his opposition to the pastime in a Las Vegas Sun article this week.
Adelson, who heads the giant land gambling group Las Vegas Sands, told the newspaper that despite the success of his Asian ventures he remained true to his Vegas roots.
On the question of internet gambling legalization, Adelson reiterated his strong aversion to the pastime, saying that he had moral objections on the dangers of having what he characterised as a casino in every home.
On a more practical and commercial level, he warned that legalised online gambling could prejudice land casinos by taking at least between 10 and 20 percent of their revenues…a perhaps understandable fear of competition.
Adelson revealed that both Senator Harry Reid of Nevada – an influential Democrat and senior politician in Congress said to be working on legalised online poker – and Nevada governor Brian Sandoval, had attempted to persuade him to adopt a more positive frame of mind, but that his opinion remained unchanged.