Wealthy Casino Owner’s War on Online Gambling

Jan 9, 2014 | USA Online Casino News

The Montana Tavern Association endorsed an op-ed in January. This op-ed, which appeared in the Tavern times, has quoted some operators in the gaming industry in Montana stating that fighting internet gambling is a matter in futility. Conversely, some operators believe that the gambling culture in Montana is unique hence; it is possible to win the fight.

Wealthy Casino Owner’s War on Online Gambling

In 2011; a legal judgment was passed by the U.S. Department of Justice. The opinion stated that “Interstate Wire Act” only forbid sports events from being gambled on online. This gave the green light for states to allow online gambling. Such rulings together with approval from States such as Delaware, New Jersey, and Nevada are hints of where internet casino is headed.

However, some people are not taking such legal opinions lightly. Among them is a renowned billionaire, Sheldon Adelson. Mr. Adelson is the current CEO of the Las Vegas Corporation. The 80-year-old mogul is also ranked as the 11th richest person worldwide. This is according to Forbes list of the top 400 wealthiest men globally.

Adelson challenge to online gambling came to light in Forbes op-ed in June 2013.

“Internet gambling makes it easy to participate from any region and at any time. This includes the bedroom, the office, in the dormitory, as well as in the outdoors. Furthermore, it is not possible to establish whether the wager is partaking in the activity rationally or consensually.”

Adelson said. He further stated that legalization of online gambling is opening avenues for underage children to gamble. It may also lead to people being forced to gamble or participating while under the manipulation of drugs. All this is because the event takes via a personal computer.

“Adelson opinion seems to be self serving. His views are contradicting his interest considering that he makes approximately 85% of his earnings from casinos located in Singapore and Macau.”

That is what proponents to online gambling had to say.

Boyd Gaming Corp., Caesars, Station Casinos, and Resorts International are just but a few of the people having different views from Adelson. To show support for internet gambling, a number of hedge fund managers have also elected to invest in online gambling. They include Leon Cooperman, George Soros, as well as John Paulson.

Geo-locators are the software programs currently being used by online casinos. The programs are said to be 100% effective in tracking whether the computer being used is in a state where online gambling is allowed. Check payments may be mailed to the gambler, or deposited in an account established in a casino.

Online gambling is illegal in Montana. Several groups, which include the Gaming Industry, Montana Coin Machine Operators Association, and Montana Tavern Association, have been in the forefront opposing the legalization of internet gambling in the region.

The Montana Tavern Association endorsed an op-ed in January. This op-ed, which appeared in the Tavern times, has quoted some operators in the gaming industry in Montana stating that fighting internet gambling is a matter in futility. Conversely, some operators believe that the gambling culture in Montana is unique hence; it is possible to win the fight.

“The impacts that online gambling may have on the traditional brick-and-mortar casinos may be devastating. Our gaming system is special due to having few operators selling their own machines, as well as fairly stringent state rules.”

Said the op-ed.

A proprietor of a casino in Montana informed the Tavern Times that the ripple effect of internet gambling would make the effects of the economic slump as well as the ban in smoking in 2009 seem trivial.