Posts Tagged ‘Sheldon Adelson online gambling’

Online Poker Ban Coming? AG Jeff Sessions Considers It

Saturday, April 22nd, 2017

jeff-sessions-online-pokerAmerican online poker players’ options have dwindled since Black Friday. And US Attorney General Jeff Sessions would like to close the door on any options through a federal internet gaming ban.

Rumors have been swirling on the subject within the last month, when it was revealed that Sessions wants to reverse the Department of Justice’s opinion on iGaming. In 2011, the US DoJ stated that the 1961 Wire Act only applies to sports betting – not other forms of internet gaming.

Here’s a look at Sessions official statement on the matter:

“Apparently, there is some justification or argument that can be made to support the Department of Justice’s [2011] position, but I did oppose it when it happened and it seemed to me to be unusual. I would revisit it and I will make a decision on it based on careful study. I haven’t gone that far to give you an opinion today.”

Popular speculation is that Las Vegas Sands Chairman Sheldon Adelson may once again be pulling the strings behind this matter. Adelson has been donating millions of dollars to Republican candidates, including $20 million to Donald Trump’s campaign.

The 83-year-old billionaire is adamant about banning internet gaming, claiming that it will cause more gambling addiction and attract underage players.

However, a recent Forbes article points out that the National Governors Association is angry upon hearing about Sessions’ stance on online gaming. Here’s one excerpt from the letter:

“As you review this issue, we encourage you to take note of the current regulatory mechanisms put in place by the states to ensure that consumers and children are protected, and that licensees comply with strict standards of conduct. States are best equipped to regulate and enforce online gaming. A ban drives this activity offshore to unregulated jurisdictions, out of the reach of state and federal law enforcement and with risk to consumers.”

As you can see, states are concerned about their rights in this matter. And considering that New Jersey, Nevada, and Delaware already offer online gaming – with several states also featuring legal daily fantasy sports – it’s hard to see Sessions reversing the DoJ’s opinion and banning internet gaming.

Nevertheless, this is cause for concern when looking at Session’s powerful position.

Sheldon Adelson Claims Poker is Gambling, Has No Skill

Saturday, September 17th, 2016

sheldon-adelson-pokerWhile some land-based casino owners express fears that online gaming could cut into their revenue, few have been as bold about expressing these fears as Sheldon Adelson.

The Las Vegas Sands Chairman has railed about the evils of online gambling ever since regulation started being discussed in the United States. And based on Adelson’s recent comments about online poker, it doesn’t look like he’s softening this stance any time soon.

Speaking with Yahoo Finance, Adelson said that poker equates to gambling, no matter how much people try to present it as a skill game. Here’s a look at Adelson’s comments:

“Some say poker is not gambling. Poker is gambling. They say poker is a game of skill. I don’t know how skill can apply to somebody shuffling a deck of cards and randomly giving them out to you. You don’t have any control over it. Can somebody bluff and can somebody place bets better than somebody else? Yes. But that doesn’t make poker a game of skill.

“And look, I’m not against gambling, obviously. I know what’s gambling and I know what’s not gambling. And fantasy sports is gambling. I’m very much against it.”

These comments came up when Adelson was asked about daily fantasy sports (DFS) and their legality. And DFS is another activity that Adelson thinks is pure gambling, rather than having any sort of skill element to the matter.

But as his poker comments suggest, the 83-year-old has very little understanding of how either game works.

To say that you “don’t have any control over” poker’s outcome and that bluffing doesn’t inject any skill into the game is just ridiculous. It’s hard to know whether or not Adelson actually believes what he’s saying, or if he’s really this ignorant on the matter.

Whatever the case may be, Adelson is willing to say and do anything to stop regulated online poker and DFS, even if it means claiming that neither game has any skill involved.