Sheldon Adelson, CEO of Las Vegas Sands, isn’t going away.
According to a report Friday, online gambling is so distasteful to him that he is “willing to spend a lot of money in order to support a ban on it.”
And the number of lobbyists Adelson has recruited to accomplish this task with the assistance of Congress continues to rise. One of the heaviest hitters in the bunch is the former governor of New York George Pataki.
Although Adelson denied that his business interests would be affected if online gambling were to be legalized, he did write in his article that online gambling would take money from land-based casinos. He specifically mentioned Native American casinos, but it would make sense that other casinos would be affected as well, including those owned by Adelson.
“Adelson may have inadvertently expressed his true feelings in his Forbes article,” Casino UK reports. “The truth may not be that he is overly concerned for the poor and young people. Rather, he may be willing to spend millions of dollars to keep people from gambling at home for his own advantage. Without online gambling, the only choice people would have is to go to the casinos if they want to play poker or other games, and this would benefit Adelson.”