Sheldon Adelson champion of justice or greedy SOAB?
Sheldon Adelson is the nation’s 11th richest person, and he says he will spend any amount of money to outlaw online gambling. He claims it is immoral, but he is in fact the chief executive of casino company Las Vegas Sands. So is he a champion of justice trying to defend us from the evils of online gambling , is he just a greedy SOAB who wants to use government regulations to keep his business profitable or maybe a little bit of both?
"My moral standard compels me to speak out on this issue because I am the largest company by far in the industry and I am willing to speak out. I don’t see any compelling reason for the government to allow people to gamble on the Internet and nobody has ever explained except for the two companies whose special interest is going to be served if there is gaming on the Internet, Caesars and MGM.”
he claimed online gambling would cause people to lose their homes
But Adelson also thinks that online gambling is “suicidal” for the U.S. casino industry in the long run and will destroy hundreds of thousands of jobs.