Las Vegas Sands Executive Turns Back on Online Poker
Las Vegas Sands Chairman Sheldon Adelson surprised some online casino gambling advocates by publicly announcing that he does not support online poker. Adelson is the richest casino executive in the world, as he heads the Sands (the largest publicly traded casino-related company in the world). His position in the industry means that his words carry a lot of weight.
If you consider that Adelson has been a supporter of the Republican Party for a while, perhaps this statement isn’t all that surprising. He supports Arizona Senator Jon Kyl, who clearly does not support online casinos for USA players at all. This was seen a few years ago when he helped pass the Unlawful Internet Gambling Enforcement Act (UIGEA), the first of many problems for online poker in the USA.
However, the puzzling thing regarding his statement is the fact that many other people in the industry believe that there is a lot to gain from regulating gambling in the United States. It also contradicts an article that was run in the New York Post that specified Adelson being in support of online poker at the federal level.
It seems that Adelson’s main concern with online gambling stems from… READ MORE