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Gambling could have made him billions but casino mogul Sheldon Adelson isn't any fan of online gambling.
Adelson is preparing to fund a public campaign that paints online gambling as a danger to children, the poor, and various people who might be exploited by access to online gambling. He threw millions of greenbacks into the political arena over the last major election cycle backing conservative candidates acorss the U.S., so Adelson's anti-Internet gambling campaign can be a major undertaking.
His position is at odds with other competitors akin to Caesars and MGM, either one of that have taken major steps to embrace legal online gambling within the U.S. Caesars' WSOP.com is certainly one of two legal online poker sites currently available to Nevada residents and the corporate is able to jump into the fray in New Jersey when legal Internet poker is up and running there.
More than a dozen U.S. states are considering online gambling initiatives of assorted sorts, with some trying to launch poker-only offerings while others will offer both poker and casino games equivalent to slots, blackjack, and craps. States see legal online gambling as an additional revenue stream and a possible lifeline in states reminiscent of New Jersey where casinos are struggling because of increased competition from rivals in neighboring states.
In January 2014 Adelson plans to roll out an advocacy group called the Coalition to prevent Internet Gambling, with a centerpiece of its platform being that Internet gambling within the U.S. need to be abolished because of the danger it poses to children.
Adelson's staunch opposition to legal and controlled online gambling has baffled many as his personal fortune comes directly from his position on the helm of Las Vegas Sands, one of the crucial world's largest gambling operators. While some brick-and-mortar casinos originally opposed online gambling within the U.S. most have shifted positions in recent years, embracing it instead and dealing to establish a regulatory framework for legal gambling within the U.S.
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