Sheldon Adelson Lashes out at MGM and Caesars

Pokerati – Having navigated MGM Resorts International through almost four years of turbulent economic waters, Jim Murren has grown used to hearing negative comments from haters and detractors. What surprised Murren, however, were some recent vitriolic remarks directed at his company from a competing corporate office down the street. Las Vegas Sands Corp. Chairman Sheldon Adelson used his quarterly earnings conference call to blame Caesars Entertainment Corp. and MGM Resorts for driving down hotel room rates along the Strip, thus, diminishing Adelson’s earnings in Las Vegas. Adelson claimed the industry-leading long-term debt carried by Caesars ($23.7 billion) and MGM Resorts…

Despite Rumors Adelson Hasn’t Changed Mind on Internet Gambling

From Card Player – Internet rumors swirled over the weekend that Las Vegas Sands Corp. owner Sheldon Adelson had reversed his anti-web poker position. However, those reports are false, according to a person who has been covering Adelson for quite some time. Prominent Las Vegas reporter Jon Ralston Tweeted Saturday: “Yes, people often get stuff wrong on the Internet. Adelson folks tell me he is as committed as ever vs. web poker.” In June, Adelson penned an editorial for Forbes, in which he said online gambling could bring a “plague” “to our society.” He finished the op-ed by calling the…

An Open Letter To Sheldon Adelson From The Online Poker Community

From Business Insider Editor’s note: Nicholas Kisberg is CEO of CardsChat.com, an online poker forum.    Dear Mr. Adelson, We in the online poker community would like to really thank you for your recent statements in which you refer to Internet gambling as “…a toxin that all good people should resist.” Why? Because you wrote that article using scare-mongering tactics, and backed up your arguments with ridiculous claims, allowing even the most naïve reader to plainly see your ulterior motives. And we appreciate that. We really do. It saves us a lot of trouble and makes writing this letter easier….

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…