Internet Gambling

[asudevil]

Originally Posted by helicopter11

http://www.latimes.com/nation/la-na-...ry.html#page=1

No Shocker that a Vegas hotel owner is against online gambling but this old prune and his old old school mentality will hopefully die with him when he is gone. Its absolutely hilarious that these guys don't take advantage of the Internet gaming industry where they can set up an extension of their casino and reach out to anyone and anywhere in the world 24/7. They do the opposite by bribing politicians and donate to their campaigns to causes that try to shutdown the internet gaming industry. Republicans want small government yet they want to tell you how you cant spend your own money.

It started with Texas last September and soon other States (Red States) will follow.

Sir or Madam,

You read one article related to internet gaming and then proceed to:

Hope for an individual to die
Go on a political rant....which lost all credibility when discussing bribes
Posted it in a section called "the paddock" on a horse racing discussion forum

I reside in Las Vegas, do business with many of the gaming companies, and have a relationship with senior management at the person's company with whom you've wished would expire. This battle for internet gaming has been happening for over 10 years. It was always logical for the major brands (Caesars, MGM, Wynn,etc) to own, operate, and or license the gambling sites. Would be a simple adaptation with the recognized brands, clearing of regulatory hurdles would be seamless, and most importantly, garnering the wagering public's trust. Made complete sense, right?

Then over a year ago, someone had a gut check with his conscious. That someone, Sheldon Adelson, chairman of Las Vegas Sands said wait a minute, I won't be able to stomach somebody riding a bus or train to work and losing their rent or mortgage payment. Or if somebody lost a job they could fire up the site on a PC or tablet and try to win money for their bills. Yes, he does like people coming to his casinos and losing, but he can control the environment. Cut people off like a bartender. He also believes that internet gambling would be far from secure. Mainly keeping out minors and thieves. How do you control that?

Mr. Adelson happens to be the largest donor to the GOP. (And America's largest individual donor to Israel...by hundreds of millions). So as most can guess, the potential internet gaming legislation becomes a polarizing political issue. Democrats automatically oppose and say let it be legal everywhere! About 6 months ago, the most recognizable casino executive in the history of American gaming reversed his stance and agreed with Adelson. Steve Wynn, Adelson's former adversary, said it was too much of a money grab for governments.
http://www.ralstonreports.com/blog/m...g#.U37MvOe9KSM
The crazy irony in this is that the GOP whale is genuinely fighting for the little guy. This totally frustrates those politico's that insist American's choose a side.

The gaming industry's largest lobbying group, the AGA, quietly stepped aside. Not because of Adelson's clout, but because the numbers don't lie. On line gaming is a total failure. New Jersey's figures are laughable. After the insane taxes, the operators are left with nothing.
http://online.wsj.com/news/articles/...551620058.html

So copter, let's drop the political BS. There's no upside to internet casino gambling. In Nevada, we can bet on sports legally. I have a mobile app on my phone from a local casino. With the push of a button, I can bet any game, boxing match, golf tourney, nascar, etc. You know it's a problem if you're tempted to get up from the dinner table and go bet the 2nd half of the Monday night game.

Maybe now you understand why the prominent guys don't want to "take advantage of a digital casino extension."