Vegas Sands CEO Sheldon Adelson has been outspent by way of a wide margin whenever it comes to on the web gambling lobbying efforts. (Image: forbes.com)
Las Vegas Sands CEO Sheldon Adelson could see on line gambling as a threat to his land-based gambling enterprises, but online gambling proponents see Sheldon Adelson as a threat to their existence also. Perhaps that explains why both edges of the Internet gambling debate have experienced no trouble flashing some dough in their efforts to either protect or destroy gambling that is online the United States.
One of many 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 sides of the video gaming industry on the problem of Web gambling. Everything you might not have guessed is that billionaire Sheldon Adelson is really being outspent by his opponents, and by a significant margin.
Caesars Significantly Outspending Sands
According to data at OpenSecrets.org, a site that tracks all publicly available home elevators governmental contributions, the Las Vegas Sands Corp. spent $290,000 throughout the 2nd quarter of 2014 on the lobbying efforts to stop online gambling. That brought their total for the year to $460,000.
That is not insignificant in the world of lobbying, as well as the outcomes have shown within the introduction (more…)