It's very fashionable in this thread to trash Sheldon Adelson, call him a hypocrite, hurl insults, obscenities and various colorful metaphors, but has it occurred to you folks that Adelson's anti online gambling stance is actually very smart business?
Caesar's Entertainment, probably Sheldon Adelson's biggest competitor, is on the ropes - teetering right on the abyss of filing for bankruptcy. A few financial analysts and bankruptcy attorneys have already gone on record stating that Caesar's is already in the process of going bankrupt.
http://forumserver.twoplustwo.com/29...otice-1450552/
The one thing that would virtually, overnight, rescue Caesar's from collapse would be the sudden legalization of internet poker all across the United States. In an instant Caesar's would go from being a financial basket case to once again being a strong competitor to Adelson and his empire.
So it makes good business sense for Adelson to keep his boot pressed firmly into Caesar's neck - don't even let Caesar's get up off the ground. That's the reason Sheldon Adelson is willing to spend "whatever it takes" to keep internet poker from being legalized. All this talk about protecting children and "... gambling gone too far" is a smoke screen disguising the real reason for Adelson's stance. This is just the way the big boys play the business game ... they try to kill each other the same way we poker players try to kill each other at the poker table. As Michael Corleone put it in the Godfather "It's nothing personal, just business."
Last edited by Alan C. Lawhon; 06-13-2014 at 12:45 AM.
Reason: Minor edit. (Inserted link to Caesar's Financial Straits thread.)