Daily Archives: 8 January 2014
27 Unspoken Suit Rules Every Man Should Know
Sheldon Adelson vs online gambling
. . . . There’s just one problem with all of this: Sheldon Adelson. The very week that Caesars’ online gambling play started trading on the Nasdaq, Adelson, the nation’s fifth-richest man–and one of the country’s biggest political donors–thanks to his vast casino holdings, unleashed an army of lawyers and lobbyists on Washington and state capitals, telling FORBES he will “spend whatever it takes” to stop online gambling in America. . . .
So while Adelson’s limitless money–and his willingness to spend it–may slow the momentum for online gambling by blocking its spread into big states like California and Florida, the odds of him stopping it or bullying his rivals out of the game are slim. He’s got lots of chips, but all the other players at the table do, too.
(Read more)