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Vegas casino CEO not a fan of online casino gambling

Vegas casino CEO not a fan of online casino gambling The boss of Las Vegas Sands, Sheldon Adelson, is not a fan of online casino gambling, according to a statement released by his spokesman. Adleson, the billionaire CEO of Las Vegas Sands, one of the biggest land-based gambling companies in the world, is against the development of online betting and gambling, le learned through a release by his spokesman Ron Reese. The CEO of the gambling company believes that the technology is not developed enough to avoid allowing underage gamblers to take advantage of future online casino and sports betting services.

 According to his spokesman, this is Adleson personal opinion and does not reflect the current stand or future plans of the company, whether to enter or not the online casino markets, if favorable legislation permits. The CEO has not addressed the company's board with his opinion on online casino gambling, either.

 The current legal situation in the United States only allows horse racing betting online and from certain states only. Many organizations and politicians are looking for a way to legalize online poker and gambling in general, some local officials viewing online casinos as a way to boost the state coffers in the form of taxes and fees, which otherwise go to offshore countries, like Antigua, that have long established a more liberal position towards internet gambling. The current online gambling market in the U.S. is estimated in the hundreds of millions of dollars.

 Published on 12/08/2011

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