Poker Players, Outraged, Target CEO Sheldon Adelson

From ABC News Online gambling isn’t just bad, it’s dangerous and immoral: So argues Sheldon Adelson, CEO of the biggest gaming company in the world. “Click your mouse and lose your house,” warns Adelson, Chairman and CEO of the Las Vegas Sands Corp. His views, expressed in an op-ed for Forbes, have not endeared him to fans of online poker, thousands of who now are trying to organize a boycott of the sumptuous poker room (59 tables, 14,000-sq. ft.) of Adelson’s The Venetian casino and resort. “As an industry leader, and more importantly as a father, grandfather, citizen and patriot…

Tribal Online Gambling Could Bring Economic Benefit

In North America, Tribal online gambling is being considered. After all, the online gambling industry is full of start up operations which are in some instances breaking new ground in the field of internet wagering. Now, Native American operators are secure in their traditional methods of offering punters the best there is. Canada has many Tribal Casinos which have recently been attempting quite successfully to offer an internet version of the usual casinos games and poker rooms. Bernard Shepherd who is the former Chief of the Wapi Muskwa Nation, is a well known personality in the establishment of Canadian Tribal…

Casino Mogul Goes On Huge Rant Against Online Gambling

From Business Insider Sheldon Adelson is the CEO of mega casino company Las Vegas Sands. You might think that his business would feel threatened if online gambling became legal, and gamblers no longer had to enter his physical casinos. Thus it’s no surprise that during an interview on BloombergTV, Adelson slammed online gambling as a toxic trainwreck. Of course, he doesn’t say he’s against online gambling because it will hurt his business. He says it’s all about society and the possibility that gamblers will get too hooked. “They are not getting wrong. I just had lunch with Steve Wynn. He…

Illinois to reconsider online gambling

From Chicago Business Language on a long-expected proposal to bring widespread Internet gambling to Illinois finally has surfaced in Springfield, and by all indications the plan will be both highly lucrative and highly controversial. The language was circulated late Tuesday, according to my source, by aides to Senate President John Cullerton, who long has said he wants to legalize online gambling because of the potential payoff in state revenue but has separated the issue from the proposed expansion of casino gambling. Mr. Cullerton’s office didn’t officially confirm that something is coming. But his spokesman promised “details to come” — and…

New Jersey Online Gambling Regulations Move Forward

From Poker News The New Jersey Division of Gaming Enforcement will publish a draft of proposed Internet gambling regulations in the New Jersey Register on June 3, opening a 60-day period for public comment. In advance of the official publication, the draft regulations already are up on the Division’s website. Early reviews of the regulations indicate they look good from the players’ perspective. “There are a few things we’ll probably look into in the general comment period, but overall the regulations seem pretty fair,” said John Pappas, executive director of the Poker Players Alliance. Two concerns of the PPA, according…

Online Gambling Firms Set Ambitions on U.S.

From Wall Street Journal Online casino gambling has become a potentially big player in the U.S., with three states passing—and others considering—laws allowing some form of it. The only problem: how should regulators deal with firms that have come under scrutiny or operate in so-called gray markets? 888 Holdings Based in Gibraltar but owned in large part by its Israeli founders, 888 has big ambitions in the U.S. with partnership deals already with casino companies and a slot machines maker. With backing from investment firm Avenue Capital Group, it plans to spend more than $100 million to market its own…