Tag: Adelson
Adelson May Still Buy Online Gambling Ban This Year
Would $20 million be enough to buy enough U.S. Senators to get a law passed before the New Year that will benefit your business interests? Apparently Las Vegas Casino magnate Sheldon Adelson thinks so. He’s become a human ATM machine for the Republican Party this year, having donated $100 million to Republican causes. This includes the $20 million he pledged on September 20th of this year to the Senate Leadership Fund, a Super PAC created to elect Republican candidates to the U.S. Senate. What does Adelson want for buying Senators and members of Congress? He wants federal legislation to ban…
Sheldon Adelson Now Opposes Fantasy Sports
This week, the first week of a new NFL season, is the biggest of the year for companies like DraftKings and FanDuel, the platforms that offer a “daily” alternative to traditional “season-long” fantasy sports. This week is when new users sign up in droves. But this season, there are more states where users can’t play DraftKings or FanDuel than there were one year ago. Amid widespread legal scrutiny after the two private tech startups flooded airwaves with $200 million worth of advertising, a few new states became unfriendly. (See where every state now stands on daily fantasy sports.) One of…
Adelson’s Sands Bethlehem Fined for Underage Gambling
Pennsylvania casino regulators approved fines Wednesday against the operator of Sands Casino Resort Bethlehem for three alleged incidents of visitors under age 21 on the gaming floor. Sands Bethworks Gaming LLC faces fines totaling $39,000, according to the Pennsylvania Gaming Control Board. The fine is the result of board approval of a consent agreement between the board’s Office of Enforcement Counsel and Sands Bethworks Gaming, according to a news release. The incidents occurred when: A 20-year-old female was permitted access onto the gaming floor and wagered at both slot machines and table games; An 18-year-old male was permitted access onto…
The New RAWA
Advocates of regulated online gambling in the United States received good news this week when it was learned Sheldon Adelson and the Las Vegas Sands Corp. have decided to stop supporting a 50-state ban on online gambling. Adelson has spent tens of millions of dollars in supporting “Restoration of America’s Wire Act” (RAWA), but has seen the legislation stall on Capital Hill. Online players should not celebrate too soon, because the new RAWA bill might well be perfectly tooled to cause mischief, if a nativist politician came to power looking to score easy victories over anyone deemed a devious foreigner….
Sheldon Adelson Buys Las Vegas Review-Journal
Casino industry legend Sheldon Adelson confirmed Thursday that he is the new owner of the Las Vegas Review-Journal, ending a bizarre week of confusion and speculation as to who had just acquired Nevada’s largest newspaper. “We understand the desire of the hard-working staff at the R-J and others in the community to know the identity of the paper’s new owners, and it was always our intention to publicly announce our ownership,” said a statement by the Adelson family published in the Review-Journal, whose reporters had been working frantically to determine who their new boss is. In a strange move that triggered the ire…
Could RAWA Change the U.S. Constitution?
The right to bear arms, a part of the U.S. constitution that has seen much controversy over the years, may be in jeopardy in the event that Sheldon Adelson’s, Restoration of the American Wire Act (RAWA), successfully passes as a federal law, according the publication, New American. Adelson’s, RAWA, aims to overturn single state laws regarding internet gambling, and New American suggests that if it were to be placed into effect, it would violate states’ rights according to the constitution, which may, in turn, then affect the federal government to limit or potentially prohibit arms and ammunition sales. It appears…