Las vegas Sands CEO Sheldon Adelson has been outspent by a margin that is wide it comes down to online gambling lobbying efforts. (Image: forbes.com)
Las Vegas Sands CEO Sheldon Adelson could see on line gambling as a threat to his casinos that are land-based but on line gambling proponents see Sheldon Adelson as being a threat to their existence as well. Perhaps which explains why both sides for the Internet gambling debate have experienced no trouble blinking some cash in their efforts to either protect or destroy online gambling in the United States.
One of the major battlefronts is winning over key legislators in Congress who could push through bills or stall the efforts of opponents. As you would expect, there is been plenty invested on lobbying from all relative sides of the video gaming industry on the problem of online gambling. That which you might not have guessed is that billionaire Sheldon Adelson is really being outspent by his opponents, and by a margin that is significant.
Caesars Significantly Outspending Sands
According to data at OpenSecrets.org, a site that tracks all publicly available informative data on governmental contributions, the Las Vegas Sands Corp. invested $290,000 through the second quarter of 2014 on the lobbying efforts to stop online gambling. That brought their total for the to $460,000 year.
That is not insignificant in the global world of lobbying, and the outcomes demonstrate i Continue reading