SHELDON ALDERSON TRYING TO STOP ONLINE GAMBLING IN OWN SELF-INTEREST; LOOKS TO EXTEND OBSCURE 1961 ACT

As online gambling becomes closer to being legalized, Sandy Alderson, the Las Vegas casino (LVS) mogul who has made a $35 billion fortune in legalized gambling, is looking to Congress to shut down his competition. Alderson, who was influential in bringing the Raiders to Vegas, has spent both years and millions lobbying to ban online gaming; even going as far as to bankroll RAWA (an extension of the Federal Wire Act of 1961 designed to curb organized crime). Alderson’s opponents say that the law was not designed to prevent states from legalized online gambling and argue the extension of government would serve to benefit just one man. It should be noted that Alderson is only looking to prevent online gambling that competes with his casinos and not daily fantasy sports.

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Casino Mogul Wants To Use Congress To Shut Down Online Gambling Competition

Howie Long-Short: Gambling companies trying to influence politics? What else is new? Casinos have generally succeeded by perpetually delaying online gambling efforts.

Fan Marino: Easier sale? Casinos as a healthy alternative to the “bad and addictive” online gaming sites or ice to an eskimo?

Author: John Wall Street

At the intersection of sports & finance.

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