Tag: Sheldon Adelson
Adelson finds allies in gambling crusade
The Hill – Legislation to ban online gambling that was written with the help of lobbyists for Republican super-donor Sheldon Adelson will soon be introduced in Congress. Adelson, chairman and CEO of Las Vegas Sands Corp., is on a crusade to stop online gambling, arguing it would be harmful to children and the nation’s moral fabric. He is pushing for a federal law to stop the industry in its tracks. But the bill will face a firestorm of opposition from state lotteries, poker players and major casinos who see a bright future for the gambling industry online. Charlie McIntyre, executive director…
Sheldon Adelson Seeks Land to Add Singapore Hotel Rooms
Business Week – Las Vegas Sands Corp. has asked Singapore authorities for more land to increase rooms at its resort in the city-state by about 60 percent after facing almost full occupancy, billionaire Chairman Sheldon Adelson says. The world’s biggest casino operator plans to add 1,500 rooms to the 2,563-room Marina Bay Sands, Adelson said at a briefing in Singapore today. The company will also add meeting rooms, ballrooms and exhibition spaces to the $6 billion casino resort and largest hotel in Singapore, when the government releases more land, he said. “We need more rooms,” Adelson said. “We are running…
Pro-Internet Gambling Coalition Increases Efforts to Combat Adelson
Poker News – The Coalition for Consumer and Online Protection completed its initial three-week, $250,000 media campaign to fight against a federal ban on Internet gambling, spending the money on advertisements that ran on the home pages for the websites of The Washington Post, the Las Vegas Review-Journal and Politico. The coalition took over the front page of The Washington Post’s site in the D.C. region with a banner ad across the top of the front page, additional boxes on each side of the Post masthead and a rollover box giving facts above the site’s popular stories. The ads urged…
Sheldon Adelson Losing Early Battles of Anti-Internet Gambling Campaign
Poker News – Sheldon Adelson’s first campaign against online gambling in the new year achieved only moderate success. The Las Vegas Sands CEO’s Coalition to Stop Internet Gambling only managed to get 15 state attorney generals to sign a letter to leaders of Congress requesting that the Wire Act be amended to prohibit all forms of Internet gambling, including poker. Adelson must have at least hoped to get the majority 26 signers necessary to make the position an official National Association of Attorney Generals policy and use the organization’s letterhead. Instead, the letter went out Feb. 4 on plain paper….
Sheldon Adelson Targeted In Las Vegas Sands Websites Attack
Card Player – Sheldon Adelson appears to be the target of a Tuesday online attack on various websites owned by Las Vegas Sands, a casino corporation that operates The Venetian and The Palazzo in Nevada, The Sands Casino Resort in Pennsylvania and other properties in Macau and Singapore. The sites have since been taken down. Before being removed, the hacked websites featured detailed lists of the casinos employees, which included job titles, contact information and even social security numbers. The sites also featured a message to the CEO himself, possibly explaining the motivation for the attack. “Damn A, don’t let…
Sheldon Adelson Lashes out at MGM and Caesars
Pokerati – Having navigated MGM Resorts International through almost four years of turbulent economic waters, Jim Murren has grown used to hearing negative comments from haters and detractors. What surprised Murren, however, were some recent vitriolic remarks directed at his company from a competing corporate office down the street. Las Vegas Sands Corp. Chairman Sheldon Adelson used his quarterly earnings conference call to blame Caesars Entertainment Corp. and MGM Resorts for driving down hotel room rates along the Strip, thus, diminishing Adelson’s earnings in Las Vegas. Adelson claimed the industry-leading long-term debt carried by Caesars ($23.7 billion) and MGM Resorts…