“Las Vegas Sands Corp. (LVS) Chairman and Chief Executive Officer Sheldon Adelson is ‘morally opposed’ to online gambling, calling it a ‘toxin’ that will rob the young and poor. Adelson, who controls the world’s biggest casino company by market value, also outlined his objections to online gambling in an opinion piece in Forbes yesterday. The Internet betting option is gaining momentum as U.S. states seek to tax a business forecast to generate billions of dollars. In February,New Jersey became the most-populous U.S. state to legalize online gambling, following Nevada and Delaware.”
Las Vegas Sands Corp. (LVS) Chairman and Chief Executive Officer Sheldon Adelson is “morally opposed” to online gambling, calling it a “toxin” that will rob the young and poor.
“It’s a train wreck, it’s a toxicity, it’s a cancer waiting to happen,” Adelson said today on Bloomberg Television’s “Money Moves With Deirdre Bolton.”
formerly http://www.bloomberg.com/photo/las-vegas-sands-ceo-sheldon-adelson-/338598.htmlLas Vegas Sands Corp. Chief Executive Officer Sheldon Adelson. Photographer: Daniel J. Groshong/Bloomberg
Adelson, who controls the world’s biggest casino company by market value, also outlined his objections to online gambling in an opinion piece in Forbes yesterday. The Internet betting option is gaining momentum as U.S. states seek to tax a business forecast to generate billions of dollars. In February,New Jersey became the most-populous U.S. state to legalize online gambling, following Nevada and Delaware.
