Billionaire casino mogul
Sheldon Adelson has vowed to spend "whatever it takes" to impose a ban on Internet gaming.
Adelson runs
Las Vegas Sands Corp., which owns land-based casinos in Nevada, Pennsylvania and Asia.
He claims online wagering will destroy the gaming industry.
Adelson has formed a group called the
Coalition to Stop Internet Gambling to lobby for a ban. The effort is getting a boost this week as members of Congress who are considered his allies introduce a bill to do just that.
According to Human Events, a conservative-leaning publication, Adelson's group wrote the legislation.
Beyond lobbying, Adelson plans to contribute millions of dollars to Republican causes in the upcoming election cycles. In 2012, he spent somewhere between $90 million, according to Reuters, and $150 million, according to Human Events, in an attempt to defeat
President Barack Obama
Federal law bars Internet
gaming unless it is conducted under a Class III gaming compact or under
state law.
Get the Story:
Republican donor's attack on online gambling shadows talk of 2016
(Reuters 3/26)
Online gambling ban bills drop this week
(Human Events 3/25)
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