Posts Tagged ‘Las Vegas Sands’

Sheldon Adelson fighting a Losing War against Online Poker

Sunday, December 8th, 2013

By now, many poker players have heard of the war that Sheldon Adelson is waging against online poker. The crusty old man has been trying to spread his message through both the TV and press that online gambling is a terrible thing. His key arguments so far? Internet gaming is more addictive than crack and must be stopped before the entire United States population is craving it.

Right away, many people can see the hypocrisy here. A guy who’s one of the richest casino owners in the world claiming that internet gaming will lead to addiction and drain people’s pockets.

As if this isn’t hypocritical enough, then consider this: one of Adelson’s casinos, The Venetian Las Vegas, advertises mobile gaming on its website. With this nifty little service, you can gamble anywhere on The Venetian’s property as long as you’ve got a smartphone. Maybe I’m missing something here, but isn’t this form of wireless play a little like online poker?

Most correctly speculate that Adelson’s hatred of online gaming stems from his fear that it’ll hurt land-based casino business. So this alone is costing the billionaire a fair share of supporters. But even if Adelson wasn’t just trying to protect his own interests, it’s unlikely that he could win this war.

With each passing month, interest in online gambling grows throughout the United States. Delaware, Nevada and New Jersey already have their operations off the ground. And other states don’t want to be left out of of the equation, so they’re also looking at legalizing internet gaming.

It no longer appears that moral high ground is the issue when it comes to online gambling. Instead, states and their voters think about online poker in terms of tax dollars and improvements to schools and cities.

And as for Adelson’s assertion that cyber gaming costs jobs at brick and mortar casinos, well, European countries such as the UK are reporting a rise in land-based casino revenue ever since online gaming was instituted. What this all adds up to is the likely scenario that Adelson is wasting millions of dollars in a losing effort.

Legalized US Online Poker to help the Game?

Monday, August 22nd, 2011

There’s a lot of talk about legalized online poker in the United States. In fact, the New York Post recently ran an article on the matter. You can check the article out yourself, but the jest of it is that there are several signs legalization could be coming such as the following:

– Las Vegas Sands CEO Sheldon Anderson has now thrown his full support behind the measure. And he is in good with House Majority Leader Eric Cantor.

– House Speaker John Boehner could be influenced to get on board since his former aid is now the VP of the American Gaming Association.

– Senate Majority Leader Harry Reid wants states to stop organizing their own online poker legislation on the state level (possibly because online poker will be legalized on a federal level instead).

With all of this being said, it’s worth discussing what legalized US online poker would mean to Americans, in addition to online poker as a whole. The first thing worth mentioning is that if online poker is legalized, the United States would most likely be a segregated market. So in light of this, US players would be cut off from the rest of the world.

On the other hand, a lot more fish would be encouraged to enter the online poker world because it will be promoted and marketed as a legal entity. And while sites like PokerStars do a good job of marketing the game on poker shows, you might even see commercials on more mainstream TV shows and networks.

Now this isn’t to say that online poker would return to its glory days of pre-2006, but the games would be a lot more juicy than the current scene: regulars who’ve been playing for at least a couple of years mixed with a few fish who are learning the game. Of course, all of this is just speculation, and we’ll have to wait and see how regulation changes things. But it’s a good bet that you can expect some easier competition in the US online poker scene when/if regulation passes.