Casino operator Las Vegas Sands Corp is exploring a sale of its flagship casinos in Las Vegas for about $6 billion, a source told Reuters on Monday, with the move likely to mark the exit of the group’s chairman from the U.S. gambling industry for now. The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo, the source added, asking not to be identified. A potential sale of the Las Vegas properties will concentrate the company’s casino portfolio entirely in Macau and Singapore. Bloomberg reported earlier that Las Vegas Sands…

Gambling news this week finds a new online gambling threat to the regulated industry in the United States for the third year in a row. Senator Tom Cotton says he is trying to use the enforcement of the UIGEA to push consumer protections in gambling advertising. However, the darker side to his legislation finds ways to block online gambling payments. Hello friends, and welcome once again to This Week in Gambling! Seems like we just did this a week ago… and yet here we are again! No matter! Let’s get started with this week’s big story! And hold on to…

Questions have been raised about Sheldon Adelson’s failing health as the start date looms for a trial in Clark County District Court that could cost the company millions of dollars in damages. Hours after news surfaced that Sheldon Adelson is seriously ill, the company confirmed he has non-Hodgkins lymphoma. It is unclear whether Adelson, 85, will be able to testify in the civil lawsuit brought by Hong Kong businessman Richard Suen, who has been seeking compensation from the gaming giant since 2004 over the assistance he claims to have provided Adelson and the company in landing a lucrative concession to…

As the gaming and legal worlds have had time to absorb the new opinion on the Wire Act reversal issued by the Justice Department’s Office of Legal Counsel (OLC), the harsh criticisms of said opinion have started to fly. One of the latest comes from Peter J. Ferrara, former associate deputy attorney general in the George H.W. Bush administration, in the form of an op-ed in the USA Today. The OLC’s reversal of the previous Wire Act opinion, Ferrara says, is the most “corrupt, unethical and legally bankrupt” decision he has ever seen the United States Justice Department make. From…

Is online gambling illegal in America now? The U.S. Department of Justice has done an a bout-face on their opinion on the 1961 Federal Wire Act. Their decision was in no small part a result of the millions of dollars in donations to certain congressmen from Sheldon Adelson, the billionaire owner of the largest gambling company in America, Sands Corporation. Reversing their decision from 2011, the DOJ now states that the 50 year old legislation makes all online gambling illegal, including casino games and poker. Their plan is to begin enforcing their new interpretation of the law within 90 days….

Sheldon Adelson’s Online Gambling License? Online gambling in Pennsylvania now has nine applications for licenses… including the Sands Bethlehem casino owned by Sheldon Adelson! What would cause the long-time Internet gambling opponent to apply for a license to run an online casino? And why are sports betting deals still being made in New York? This week’s special offer is for the Heavy Chips online casino.