Billionaire Sheldon Adelson sanctimoniously demanding a federal monopoly on the exploitation of fashionable debaucheries is like a dog walking on his hind legs. It is done awkwardly, but you are surprised to see it done at all. Mr. Adelson has accumulated a net worth of $33.6 billion. He is a casino magnate. His stupendous wealth comes from gratifying sordid hormonal cravings: instant riches and creature comforts worthy of King Louis XIV. It may be that the casino czar sheds a tear for the collateral damage of his vulgar enterprises: personal bankruptcies; broken hearts; shattered families; and dissipated lives. But if…