What’s this guy’s problem?
Sheldon Adelson is the primary force behind why online poker is illegal in the United States, and he aims to keep it that way.
Adelson, ‘an American business magnate and Republican party political donor, is the chairman and chief executive officer of the Las Vegas Sands Corporation” Wikipedia, and is estimated by Forbes magazine to be worth over $40 billion. He is also quoted as saying that he is “willing to spend whatever it takes” to stop online gambling.
“My moral standard compels me to speak out on this issue because I am the largest company by far in the industry and I am willing to speak out. I don’t see any compelling reason for the government to allow people to gamble on the Internet.” He goes on to say how it can be dangerous for teens and young adults looking for fast money, and the possibility of them losing all of their money while sitting home in their underwear. This is besides the point that these regulated gambling sites he speaks of have much smaller deposit limits than any of Adelson’s casinos, making it nearly impossible to lose as much online than in a live casino.
Nevertheless Adelson’s reasoning may seem innocent enough to some, but most agree that his strong stance against regulated internet gambling is due to it cutting into his enormous business profits.
Adelson and his advocacy group, the Coalition To Stop Internet Gambling, have hired an army of lawyers and lobbyists to try to convince Congress to ban online gambling, Adelson recently revealed in a Washington Post article. Currently they are trying to introduce legislation that would clarify the Wire Act as applicable to games of skill and chance over the internet, which would effectively outlaw online poker and gambling in America.
Ideologically speaking, Adelson (a staunch republican) should love this up and coming industry. Not only will it immediately create 35,000+ jobs and bring in essential revenue for states, but it is a matter of states rights and personal freedoms VS. big government and one-size-fits-all rules.
Adelson’s attempts to stop online gambling from entering the U.S. are scary, but they can be beaten.
It will be an interesting battle but if the U.S. online poker industry keeps building and getting stronger state by state, Adelson and his paid off cronies in Washington don’t stand a chance.