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 when it comes down to online gambling lobbying efforts. (Image: forbes.com)

Las Vegas Sands CEO Sheldon Adelson may see online gambling as a threat to his land-based gambling enterprises, but on the web gambling proponents see Sheldon Adelson as a danger for their presence too. Perhaps that explains why both edges for the Internet gambling debate have had no trouble flashing some dough in their efforts to either protect or destroy gambling that is online the United States.

One of many battlefronts that are major 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 relative sides of the video gaming industry on the issue of Internet gambling. What you may possibly not have guessed is that billionaire Sheldon Adelson is really being outspent by his opponents, and by a margin that is significant.

Caesars Significantly Outspending Sands

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

That is perhaps not insignificant in the world of lobbying, therefore the outcomes demon (more…)