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Sheldon Adelson Outspent by Online Gambling Lobbying

Wednesday, March 4th, 2020

Sheldon Adelson Outspent by Online Gambling Lobbying

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

Las Vegas Sands CEO Sheldon Adelson could see online gambling as a threat to his land-based gambling enterprises, but on the web gambling proponents see Sheldon Adelson as a risk for their presence too. Perhaps which explains why both edges regarding the Internet gambling debate experienced no trouble blinking some money in their efforts to either protect or destroy gambling that is online the United States.

One of many major battlefronts is 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 spent on lobbying from all relative sides of the gaming industry on the issue of Web gambling. Everything 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 publicly available info on political contributions, the Las Vegas Sands Corp. spent $290,000 through the second quarter of 2014 on the lobbying efforts to stop online gambling. That brought their total for the to $460,000 year.

That is not insignificant in the global world of lobbying, while the results have shown within the introduction of bills li (more…)