Sheldon Adelson Outspent by Online Gambling Lobbying

Sheldon Adelson Outspent by Online Gambling Lobbying

Vegas Sands CEO Sheldon Adelson has been outspent by way of a wide margin whenever it comes down to online gambling lobbying efforts. (Image: forbes.com)

Las Vegas Sands CEO Sheldon Adelson may see on the web gambling as a threat to his land-based gambling enterprises, but on the web gambling proponents see Sheldon Adelson as being a threat for their existence too. Perhaps which explains why both edges for the Internet gambling debate have had no trouble blinking some cash 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’d expect, there’s been plenty invested on lobbying from all sides of the gaming industry on the problem of Web gambling. That which you might not have guessed is that billionaire Sheldon Adelson is being outspent by his opponents, and also by a margin that is significant.

Caesars Significantly Outspending Sands

According to data at OpenSecrets.org, a site that tracks all information that is publicly available political contributions, the Las Vegas Sands Corp. invested $290,000 during the second quarter of 2014 on their lobbying efforts to stop online gambling. That brought their total for the year to $460,000.

That is perhaps not insignificant in the global world of lobbying, while the results show in the introducti Continue reading “Sheldon Adelson Outspent by Online Gambling Lobbying”