Las vegas Sands CEO Sheldon Adelson has been outspent by way of a margin that is wide it comes to online gambling lobbying efforts. (Image: forbes.com)
Las Vegas Sands CEO Sheldon Adelson could see on the web gambling as a threat to his land-based casinos, but online gambling proponents see Sheldon Adelson as being a risk for their existence also. Perhaps which explains why both sides for the Internet gambling debate experienced no trouble flashing some money in their efforts to either protect or destroy online gambling in the United States.
Among the major battlefronts is winning over key legislators in Congress who could push through bills or stall the efforts of opponents. As you would expect, there is been plenty invested on lobbying from all relative sides of the gaming industry on the issue of online gambling. That which you might possibly not have guessed is that billionaire Sheldon Adelson is 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 through 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 maybe not insignificant in the global world of lobbying, while the outcomes show within the introduc Continue reading