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Adelson explains his anti-online gambling position

Adelson explains his anti online gambling position

In a very clear and explicit statement in a article, the Chief Executive Officer of Las Vegas Sands Corp, Sheldon Adelson, revealed his position against online gambling. The business magnate, pressures the federal government to rewrite the Federal Wire Act or establish a legislation making online gambling illegal.

He emphasized that meanwhile the states of Delaware, New Jersey and Nevada have already passed their online gambling laws, legislatures of California and Pennsylvania are still open to suggestions to allowt the legalization of online gambling.

According to the article, Adelson states that his behaviour against this activity has to do with the impact online gambling will have over his businesses "the hit on other commercial casinos, Native American casinos, and racetrack-casinos across the land could be substantial and even lead to their eventual demise.” He also added that revenues in European casinos dropped 20% since online gambling became legal.