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Sheldon Adelson Opposes Online Poker

By Daniel Smyth, Rakeback.com Poker News Staff Writer

Las Vegas Sands CEO Sheldon AdelsonThe opposition to online poker in the US grew recently, albeit in a minor way, as the world’s richest casino executive, Sheldon Adelson, voiced his concerns about the industry. The Las Vegas Sands CEO told the media – through Ron Reese his Las Vegas Sands spokesman – that he was concerned about the current technology used by the major online sites.

His main concern is over insufficient measures in place to prevent minors from depositing and wagering money online. The position of Adelson is directly opposed to many in the industry, though. Major Las Vegas casinos, including MGM Resorts International and Caesars Entertainment Corp., have joined forces with various online poker operators such as Bwin.Party and 888Poker.

A Change of Heart

The casino industry as a whole has also altered its stance on the issue of regulated online poker in America over the past few months. Initially adopting a neutral opinion, the American Gaming Association (AGA) is now actively supporting statutes that would pave the way for regulated poker in the US.

Speaking on behalf of the AGA and following recent talks with Adelson, Frank Fahrenkopf said: “Sheldon has long had concerns about this issue, and it is perfectly within his right to make this decision. However, the AGA at the direction of our board of directors, will continue to support federal legislation to allow states to license and regulate online poker.”

Moreover, the AGA is certain that the online poker industry is well equipped to deal with the threat of underage gambling. Indeed, their strong stance against minor’s being able to wage bets only adds further credence to their argument that online poker is a safe industry.

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