«A Recent Interview with Sheldon Adelson.
The fight for legalization of online casinos on the territory of the United States of America is still going on. Shaldon Adelson, the chief executive officer and chairman of the Las Vegas Sands Corporation claimed that he is prepared to ‘do all it takes’ to ban Internet casinos in the USA. This old Scrooge in his interview to Forbes magazine said that it was the exclusive status of his company, the largest corporation in the casino industry, that made him express his opinion regarding this matter.
This is actually not the first time Adelson has reported that he sees absolutely no point in development and legalization of online gambling industry in the USA or in general anywhere else in the world. More than that, he keeps reminding about moral values that make him fight against the development of operators of online gaming. He also reminded that at present there are only two strongest gaming corporations in the country – Caesars Entertainment and MGM Resorts. And even if online gambling is legalized one day, there is no one else to do the job but these two casinos. Shaldon warned all of his competitors that internet sites make a short-term profit. According to Shaldon, sooner or later the biggest money will be eventually made by real casinos anyways.
Shaldon Adelson said that the further development, growth and promotion of online gambling industry should be banned before it is too late, otherwise Google, Twitter, Facebook will start encouraging people to play in their networks because they are daily visited by millions of users. Later in the industry there will appear companies that do not have even the slightest idea about what the gaming business is all about. What will attract them in the business will be easy money. As a result, majority of gamblers visiting this sort of casinos will be kids. This is when all will remember good old Adelson, beg him for forgiveness and ask to help them solve the problem.
Adelson, with an estimated fortune of $ 28.5 billion, is sure to spend as much money as it takes so as to do all possible to ban the development of American net of online casinos. You might ask how? It’s very simple. Some certain sum of money will make officials act on Adelson’s behalf. The law ratification process will then take quite a long period of time. We all remember how long it took to legalize Internet casinos in New Jersey. This might have also been ‘sponsored’ by some interested party.
We should keep in mind that under cover of moral values and concerns about the future of the younger generations Adelson is simply trying to monopolize the market which will make him even richer. You can never predict Adelson’s next step. It’s very probable though that he will not want to miss the opportunity to interfere with the further growth and development of online operators and will definitely try to prevent it at all costs.