Sheldon Adelson against the online gaming industry
March 25, 2014
The United States is going through a period with several changes; starting with some civil rights for those suffering from inequality and discrimination in the world's land of freedom, and getting the country out of international matters, are two of the most important steps in America's to do list. So little by little, some of the US states are finally waking up from the American dream that has many markets still banned by the same old-fashioned and conservative morals that illegalized alcohol during the 1920s. iGaming in the United States is just one of those markets that have been controlled by the gambling "moguls" and their land-based casinos. To do so, the gaming industry has been manipulated by the titans of the gambling market in the United States, especially by the owners of many of Las Vegas' casinos like Las Vegas Sands Corporation's owner, Sheldon Adelson. Jewish entrepreneur, Sheldon Adelson, has formed the Coalition to Stop Internet Gambling (CSIG), another of his authoritarian ideas to make sure that his land-based casinos do not lose a penny, like the crusade to despair Obama's campaign during the last elections. Sheldon Adelson's Coalition to Stop Internet Gambling (CSIG) has opened the debate between two of the gambling titans in the United States during the iGaming North America conference currently running in Las Vegas hosted by iGaming Business: Las Vegas Sands (LVS) and Caesars Interactive Entertainment (CIE).
The iGaming North America conference brought CIE's chief executive Mitch Garber, and LVS government affairs head and spokesperson, Andrew Abboud, into the online gaming debate in the US state of Nevada and the other states' legislation. Both casinos' representatives discussed the pros and cons of a federal online gambling legislation. Andrew Abboud explained LVS point of view based on the same principles that Adelson's Coalition to Stop Internet Gambling (CSIG): "We are not fans of online gaming. We are concerned about the state of the industry overall and where it could go in such a rapid fashion. If it does happen, it is a limited market. I do not think there is going to be room for everybody in this market. If they think that everybody is going to be able to compete in a nationwide online marketplace, it is not there. We are worried about what's going on next door in California". Mitch Garber fought Abboud back, explaining the reason why a federal legislation must be applied to regulate the market: "Surprisingly, I like a lot of the things Andy said. Unfortunately, what Andy just said is not consistent with the position that Sheldon Adelson has put out there, which is Internet gaming is bad, I don't like it, it cannibalizes (casino play), minors are at risk, and I'm prepared to spend as much money as I need to make this not happen'. Nothing about bad actors or Mitch Garbers or anybody else."