Vegas Sands CEO Sheldon Adelson has been outspent by way of a margin that is wide it comes down to on the web gambling lobbying efforts. (Image: forbes.com)
Las Vegas Sands CEO Sheldon Adelson may see on the web gambling as a threat to his land-based gambling enterprises, but online gambling proponents see Sheldon Adelson as being a risk with their presence too. Perhaps which explains why both edges regarding the Internet gambling debate experienced no trouble blinking some cash in their efforts to either protect or destroy online gambling in 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 would expect, there’s been plenty invested on lobbying from all sides of the gaming industry on the issue of Internet gambling. That which you might not have guessed is that billionaire Sheldon Adelson is actually being outspent by his opponents, and by a significant margin.
Caesars Significantly Outspending Sands
According to information at OpenSecrets.org, a site that tracks all information that is publicly available governmental 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 global world of lobbying, as well as the results