Casino Owners Steve Wynn and Sheldon Adelson Raise Voice against Internet Banking

09/11/2015
By Pamela PattersonGoogle
And though the luxury casino magnates have had their share of disagreements over business and policy in the past, there is one thing they can unequivocally agree on: Internet gambling.

They are both dead set against the phenomenon!

Mr. Adelson has raised objections based on employment, moral and societal grounds. Mr. Wynn is of the opinion that it is not a financially lucrative business in the long run. However, this the same Steve Wynn who posed a rhetorical question to Jon Ralston on Ralston Reports, “Do you really think they can stop underage gambling?”

Mr. Adelson also alludes to the moral obligations he has to the shareholders of casinos. Moreover, recently emerging polls of Pennsylvanian voters shows that people of Pennsylvania are strongly opposed to online gambling. 73% of total voters were directly against Internet gambling.

Mr. Adelson expresses the same concerns as Mr. Wynn about minors having wider access to online gambling websites. Both business tycoons see this as an emerging concern, one that is nowhere close to being resolved. This is due to the sophisticated hacking tools that allow users to circumvent security softwares on gambling sites, as evidenced by the global hacking schemes that took place last year, which involved the United States Government as well as the major Fortune 500 companies.

It was formerly believed that Wynn had been making plans to launch his own Internet casino in New Jersey, but has now apparently changed his mind about going through with this venture. Adelson, meanwhile, is the main force behind a strong, highly publicized bid to ban online gambling in the United States altogether.
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