Adelson Uses G2E Gaming Expo to Slam Internet Gaming Industry
Billionaire casino mogul, Sheldon Adelson, used his time at the G2E Global Gaming Expo to continue his campaign against the online gaming industry and join fellow casino boss, Steve Wynn, in reiterating his disdain for the growing industry and legalization by more states.
The ever politically active CEO of the Las Vegas Sands has, for many years, voiced his opinion on the increasing popularity of the online gambling industry and its subsequent growth, fearing the rise of online gambling will jeopardize his mighty casino empire that stretches from the deserts of Las Vegas to the bright lights of Macau.
Prior to the expo, Adelson was amongst California politicians who were actively opposing the legalization of online gambling in California, even going so far as to donate $300 000 to help the Republican Party who is opposing the bill that will see the legalization of online poker in California.
His most recent complaints about online gaming came at this year’s G2E Global Gaming Expo held at the Sands Expo and Convention Center, which he owns. Speaking at the event, Adelson complained that there should be absolutely no reason why casinos should be in the pockets of every single person in America.
“You cannot know your customer on the internet” he said speaking to a crowd of casino executives from both sides of the fence. He then went on to pose a purely hypothetical situation whereby a person of legal age would pass the phone or laptop to an underage person, allowing them to gamble, a remark that garnered a spattering of applause from members seated in the conference room.
In the past few months, Adelson has been extremely vocal on the online gambling legalization matter, which some say is due to the potential harm they could do to his casinos, but which he says is merely due to the fact that there was absolutely no way to ensure that any underage gambling occurs.
He even went as far as to say he didn’t want other families to suffer “the scourges” of gambling addiction such as he and his family had to, going on to proclaim that his father was a gambler, although not much is known of the effects this had on him growing up.
It would seem that one of Adelson’s biggest problems with the online gaming industry is the so-called lack of regulation with one of his most famous quotes being: “Click your mouse and lose your house”. Speaking to Forbes magazine last year, he was quoted as saying: “As an industry leader, and more importantly as a father, grandfather, citizen and patriot of this great country, I am adamantly opposed to the legalization and proliferation of online casino gaming”.
But, when confronted by the question of Roger Gros, the publisher of Global Gaming Business, who was defending online casinos ability to authenticate players identities and who said that you know your customer better online than you do in a casino, Adelson had little to offer by way of a retort.
As it stands, it’s not sure if Sheldon Adelson’s comments or the efforts of him and his cohorts will do anything to halt the online gambling expansion, but it is clear that he has little or no love for it. However, his fortune was made at the hands of the very people he is trying to protect so many believe his remarks to be more than slightly hypocritical.
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