Game Types Bonuses Slots More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search

Online Casino City Times

Top 10 Online Casinos

1. bet365 Casino
2. 888 Casino
3. Betfair Arcade
4. William Hill Vegas Casino
7. Betfred Casino
8. PlayMillion Casino
9. SportingBet
10. 888 Games

> back to current newsletter
Weekly Newsletter Sign Up
Don’t miss an issue! Have the newsletter sent directly to you.

Adelson reiterates his opposition to Internet gaming

2 Oct 2014

By Howard Stutz
LAS VEGAS -- Steve Wynn was just the warm-up act.

A day after Sheldon Adelson’s “good friend” told the Global Gaming Expo (G2E) 2014 he opposes the legalization of Internet gaming, the Las Vegas Sands Corp. chairman served as the headliner.

In a full-throated beat-down, Adelson, 81, enumerated all the reasons why he opposes the legalization of Internet gaming. Adelson has invested millions to fund anti-Internet gaming coalitions and hire lobbyists to oversee a federal and state-by-state fight in opposition to the activity.

Adelson, who ranked 12th on the Forbes 400 with a net worth of $32 billion, told the audience at the G2E’s late-afternoon keynote session at his company’s Sands Expo and Convention Center that he equates legal Internet gaming with the legalization of marijuana. He considers both as gateway drugs.

“Just because it's happening now isn’t a justification for legalizing Internet gaming,” Adelson told Global Gaming Business Magazine Editor Roger Gros, who asked several scripted questions prepared for the hour-long talk.

Adelson addressed several topics, including Macau, Atlantic City and casino expansion in the U.S. But his opposition to Internet gaming drew the most buzz from the audience, many of whom work for companies seeking a foothold in the expanding interactive gaming landscape.

“It’s not a states-rights issue,” Adelson said. “The Internet is all over the country.”

On Tuesday, Wynn, chairman of Wynn Resorts, Limited, said he “shares” Adelson’s conviction against Internet gaming. Wynn and his wife, Andrea, watched Adelson’s talk from the front row, seated next to Adelson’s wife, Miriam.

Adelson said his views on Internet gaming haven’t changed. He believes the activity can’t be regulated to protect children from gambling online and it unfairly targets poor people. The access to Internet gaming sites is too easy through mobile phones and tablets.

He said his two-year-old and three-year-old grandchildren know how to work a mobile device better than he does.

“I just don’t see any compelling reason to put a casino in 318 million hands,” he said.

On other topics, Adelson said only Texas, south Florida and Tampa could be targets for new U.S. casino expansion.

He said he would have interest in opening a casino at the Meadowlands in New Jersey if the state adds gaming to the area.

Adelson had zero interest in Massachusetts casino opportunities, despite growing up outside of Boston. He said Wynn, who won the Boston-area gaming license, will have much more success than other gaming company.

“My friend Steve does a better job of building the mystique of a property than I do,” Adelson said.

At the end of the talk, Adelson hoped his legacy will be his efforts to fund medical research, and the funding he has given to Israel and Jewish causes.

Copyright GamingWire. All rights reserved.

About Us | Advertising | Publications | Land Casinos