Sheldon Adelson: 'Willing To Spend Whatever It Takes' To Stop Online Gambling

This is the kind of thing I just hate. Billionaire's like Adelson (and Bloomberg) who just love telling people what the can and can't do when in reality it's just another thinly veiled money grab. This one has got to ring the bell on hypocrisy though.

Sheldon Adelson Says He Is 'Willing To Spend Whatever It Takes' To Stop Online Gambling

Sheldon Adelson, the nation’s 11th richest person and chief executive of casino company Las Vegas Sands, says he is determined to stop online gambling in America and he will go to great lengths to battle the corporate interests pushing for it. “I am willing to spend whatever it takes,” Adelson said in his first interview since The Washington Post revealed that he had hired an army of lawyers and lobbyists to try to convince Congress to ban online gambling.

Why on earth would a casino chief executive be against online gambling? Will this guy admit it's cutting into his profits?

“My moral standard compels me to speak out on this issue because I am the largest company by far in the industry and I am willing to speak out. I don’t see any compelling reason for the government to allow people to gamble on the Internet and nobody has ever explained except for the two companies whose special interest is going to be served if there is gaming on the Internet, Caesars and MGM.”

Ah, his MORAL standards are in a bunch. I'm unsure if the rest of the statement was even totally coherent but that's what he said. One crook taking his complaints about different crooks to THE crooks in DC. I get it now. Business as usual.

reply to post by Bassago


No conflict of interest there, aye bro?

These filthy rich pricks are just getting more and more disgusting by the day...........

Stupid. Surely if a idiot goes online and loses all his money that his fault and his choose not the casinos?

I loath gambling yet I respect everyone right to choose to be a dumbass.

Hell take your money and burn it for all I care. I dont care what you do with money as long as it dont affect me.

This is the problem when you let the super rich get into postions of political power, they are to detached from the real world and high on there own smugness and so force there own values on the "little" people.
Fine have billions of £££ but if you going to live in cokoo cokoo land stay the hell away from any position of responsiblity

What a jackass!

He says hes not scared of competition because he has never complained that he has 25 competitors on the Vegas strip.

Nice try buddy. We are talking about a virtual casino for anyone who has access to the internet. More like 600 million competitors now you old dirtbag. Like he does not understand that!

reply to post by Bassago


LMAO!



At least his transparency is so transparent....

reply to post by Bassago


Let me provide him his compelling reason to let internet gambling happen: freedom. Need another one? Liberty.

I don't gamble. I thinks its stupid to do. Ill keep what I earn, thank you. BUt I certainly do what to let other suckers, er, people gamble till their hearts content. In any way they wish to.

Hell, if we are to shut down internet gambling, then Obamacare has to go away. Gambling and insurance are the same thing, with your rate basically being their way of laying odds on your health.

reply to post by Bassago


Oh that was too funny! Thank you for the laugh this evening... I am still falling out of my chair laughing at that one! This should be in the jokes forum! I never knew casino executives had such a tremendous sense of humor!

reply to post by Bassago


Sheldon knows that online gamblers don't spend as much because they aren't being tantalized by women in revealing clothing and alcohol. This online gambling is cutting into his profit margins.

That's where his 'moral' issue arises from. It's 'immoral' for anybody but him to profit off duping people with the 'idiot tax' that is gambling.

~Tenth

It's not a money grab, (it is but that's not the real reason). Its to appease the Muslim Brotherhood. The Brother of its management, is running the US.

reply to post by tothetenthpower


Ah, I get it, thanks for clearing up the "moral" issue we were struggling with here.

From my point of view people should be allowed to do pretty much anything they want as long as it doesn't hurt other people. I guess he's thinking others freedom's are hurting him (right in the money, er morals.)

I think he was drunk posting at Forbes.com the way the article came across anyway.

Its a moral issue to appease Saudi Arabia, for Obama is a Saudi plant. And I really hope the power don't go off or anything because I believe they have people practicing knock out shots and I keep reading on another forum, "axe" me a question as if its some code. Keep armed. Its important. And bear spray, anything that you can use at a distance, and just be prepared, not because something IS DEFINITELY going to happen, but just in case, don't even want a 1/100 on those odds.

reply to post by bigfatfurrytexan

Ill keep what I earn, thank you. BUt I certainly do what to let other suckers, er, people gamble till their hearts content. In any way they wish to.

So, you don't spend any money on entertainment at all? Because, unless one has a gambling problem, it's merely another form of entertainment.

I'll bet (pun intended) I spend less on gambling than most people spend going out to eat in a month.

As far as internet gambling, I have no moral issues with it, I just don't find it entertaining from a social aspect. Plus, I don't trust what may go on behind the scenes.

Zarniwoop
reply to post by bigfatfurrytexan

 

Ill keep what I earn, thank you. BUt I certainly do what to let other suckers, er, people gamble till their hearts content. In any way they wish to.

So, you don't spend any money on entertainment at all? Because, unless one has a gambling problem, it's merely another form of entertainment.

I'll bet (pun intended) I spend less on gambling than most people spend going out to eat in a month.

As far as internet gambling, I have no moral issues with it, I just don't find it entertaining from a social aspect. Plus, I don't trust what may go on behind the scenes.

I don't gamble because either I have bad luck for winning, or I just suck at gambling games in general. Either way, it is a waste of time/money for me.

Although I don't mind playing slots (low cost time killer).

My mom is a big "gambler". She is a lotto player. But she wins. A lot. I was looking at a pic of her with her first $10k winner, right before the cancer diagnosis. Then she beat the odds on her cancer. That woman has the best damn luck! Me....not so much.

reply to post by bigfatfurrytexan

I don't gamble because either I have bad luck for winning, or I just suck at gambling games in general. Either way, it is a waste of time/money for me.

I suck at slots. I generally only play Spanish 21, which is a modified blackjack. I'll play for 4 hours on the minimum bet and either break even or win or lose 40.00. To me that's pretty cheap entertainment. I'm not there to win a bunch of money... I know what the odds are. I'm just there to break even while my wife has fun playing slots... and she's there just for fun as well.

Although, I must say I'm used to be called a fool for enjoying this cheap entertainment.

He does'nt want online gambling because people are gambling at home rather than in his casino's. Could well be he applied for a license to set up an online casino and he got turned down and now he's raging about it. i believe at the moment Americans cant play poker online. The 2 biggest poker sites, Pokerstars and Full Tilt, are banned in America the past year or so. Apparently the excuse was money laundering but thats just an excuse. Surely it would be easily traceable.

I play Texas holdem on line, in the Indian Casinos, private games in the back of barbershops and bars and buy powerball tickets at the 7/11s. Sheldon has about as much a chance of stopping online gambling as me winning a tournament.

Actually I don't do to badly but I'm far from being a "sharp"

reply to post by bigfatfurrytexan


Someone told me I needed to go to the boats since I had never been there. So I took 20 dollars and went. I won 900 dollars my first visit, then I ate at the buffet... excellent food for real cheap.

I decided to go another time, and lost my 20 dollars, I decided to quit while I was ahead, and have never gambled again.. lol..

But the buffet's are great! I have gone back two other times to eat at their buffet!

reply to post by Zarniwoop


How about I call you a fool for other reasons. Give me a bit and I can concoct some.

$40 for four hours of fun ain't bad at all. Especially with cheap drinks.

But it doesn't matter what you win or lose....so long as it is you choosing to do it. Freedom is a wonderful thing. Especially when you drive a super sweet Audi home from the casino.

I think being that greedy has to consist of having some kind of mental disorder......this guy makes me sick.

reply to post by bigfatfurrytexan

How about I call you a fool for other reasons.

There is a seemingly endless supply of those... No worries there

But it doesn't matter what you win or lose....so long as it is you choosing to do it. Freedom is a wonderful thing.

Amen to that.