Sheldon Adelson Angers Online Gambling Community
The online poker community has responded with anger to comments made by Sheldon Adelson, the CEO of Las Vegas Sands, about online gambling.
In an op-ed for Forbes Adelson made comments such as, “click your mouse and lose your house” before going on to say that he is “adamantly opposed to the legislation and proliferation of online gaming.”
Adelson is claiming that online gambling is “fools gold” because all profits from it are coming at the expense of brick-and-mortar casinos and the resulting loss of jobs.
He claimed that European countries with legalised online gambling have seen a 20% drop in the number of people visiting land casinos.
Adelson believes that online gaming would cost 400,000 jobs in the US, 200,000 directly related to the gaming industry and another 200,000 indirectly related.
Martin D. Owens, a California attorney who specialises in Internet gambling laws, said that Adelson is “staging a very belated and unimaginative rear-guard action.” Owens says that the reason casino attendance has dropped in Europe is because young people now tend to do everything online.
The President of the Poker Players Alliance, John Pappas, has also hit back at Adelson saying that he’s “missed the mark by a wide margin”.