Sheldon Adelson Outspent by Online Gambling Lobbying

Sheldon Adelson Outspent by Online Gambling Lobbying

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

Las Vegas Sands CEO Sheldon Adelson could see online gambling as a threat to his casinos that are land-based but on line gambling proponents see Sheldon Adelson as a threat for their existence too. Perhaps which explains why both sides of this Internet gambling debate experienced no trouble flashing some money in their efforts to either protect or destroy gambling that is online the United States.

One of the battlefronts that are major winning over key legislators in Congress who could push through bills or stall the efforts of opponents. As you would expect, there’s been plenty invested on lobbying from all relative sides of the video gaming industry on the issue of online gambling. What you may possibly not have guessed is that billionaire Sheldon Adelson is actually being outspent by his opponents, and 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 maybe not insignificant in the world of lobbying, while the results demonstrate in t Weiterlesen