Innovations in the Internet particularly concerning gaming is a not a popular notion among wealthy and influential individuals. Sheldon Adelson, founder and owner of Las Vegas Sands Corp. is one of the most outspoken advocates going against Internet betting in all its forms. Adelson has been actively protesting and putting up massive efforts and funds in order to eradicate the presence of virtual bookmaking in the U.S. This means now online blackjack, video slots, and other casino games accessed through the Internet or any other mobile devices. In the recently concluded Global Gaming Expo 2014 or G2E held in Las Vegas, the exec once again expressed his opposition against Internet gambling.
Adelson reiterated his stand saying that there is no reason why players should access casinos right from their mobile devices. He added that it is impossible to know players and customers on the Internet. As a huge fundraiser supporting the Republican Party, Adelson’s advocacy against Internet betting has become a big trouble for republicans who are basically on the fence when it comes to the prohibition of virtual wagering in the U.S. According to sources such as Google and Forbes, Adelson is now ranked 12th in the list of America’s richest people despite increasing his $31.4 billion worth with nearly $3 billion more this year. Some are saying that Adelson has personal grievances hence his pursuit in banning Internet gaming in the States. These are speculations despite his claim that virtual gambling is a threat to youthful demographic.
The Las Vegas Sands mogul also commented that the reason why he is against virtual betting is that this could threaten families. Adelson used his own family as an example which he claimed has suffered the “scourges” of gaming. The CEO also added that as a gambler, his father made life less happy for him and the rest of their family. Despite this, many see Adelson’s stance as hypocritical and insinuate that he is against Internet betting simply because it poses a competitive threat to his physical casino empire. The republicans claimed the previous presidential election showed their opposition against regulation of Internet betting on a federal scale.