I’m not one for constantly rehashing old news. Been there, done that, let’s move on. Unfortunately, the same cannot be said of billionaire casino CEO Sheldon Adelson, owner of Las Vegas Sands Corp., who obviously isn’t ready to give up on his recent life’s mission to ban internet casino gambling in the US.
Just like he did in 2013 and every year since, Adelson is spewing the same old hypocritical garbage. Online gambling will destroy America. It will strip every penny from every poor and/or old member of our society. It will corrupt our children.
If he’s so certain internet gambling is the root of all evil, how come that same sentiment doesn’t apply to his billions of dollars worth of land-based casinos, operating in and outside the US?
Senate Bill To Ban US Internet Casino Gambling
Getting back to the news at hand, Adelson is once more using his deep pockets in an attempt to persuade greedy politicians to do his bidding. According to JTA, on September 20, it went public that Adelson had committed $25 million to a super PAC (Senate Leadership) fund – $5 million of which will be dedicated to an organization to fund anti-Clinton ads, and another $20 million to support Republican politicians.
It wasn’t until the next day that it became blatantly obvious, Sheldon was looking to impress Senate Majority Leader Mitch McConnell [R-KY].
On September 21, his back-pocket cronies, Sen. Tom Cotton [R-AK], Sen. Mike Lee [R-UT] and Sen. Lindsey Graham [R-SC], introduced a new bill to ban internet gambling by making it illegal for financial institutions to facilitate payments with iGaming operators – both the US-regulated and unregulated variety.
Not surprisingly, the new anti-internet casino bill, SB 3376, is little more than a revamped version of Adelson’s previously backed legislation, known as the Restoration of America’s Wire Act. This time, however, it was Sen. Tom Cotton who did the introducing, while Sen. Lee and Sen. Graham (RAWA’s 2014 and 2015 sponsor), did the co-sponsoring.
Here We Go Again…
Sheldon Adelson first launched his campaign against internet gambling in 2013 – the same year three US states (Delaware, Nevada and New Jersey) moved to legalize and regulate online casinos and/or poker rooms. That summer, he scripted what’s become a rather (in)famous Op-Ed in Forbes Magazine in which he harangued the irrevocable woes of internet gambling.
“Click your mouse, lose your house,” he said, calling it “a societal train wreck waiting to happen.”
He went on to claim that his superior casinos, like The Venetian in Las Vegas, would have no trouble competing with interactive gambling sites, but at the same time, said it could cause the “eventual demise” of “other commercial casinos, Native American casinos, and racetrack-casinos across the land”.
He can claim a detriment to society and every casino business besides his own all he wants, but it doesn’t take a professor to identify his true intentions. Adelson doesn’t want to compete with an industry that’s en route to outpacing his own, and as he said himself, the billionaire is “willing to spend whatever it takes” to stop that from happening.