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Sheldon Adelson, CEO of Las Vegas sands, has put $460, 000 on the table so far this year in a high-stakes bid to stop online gambling.
This does not include money Adelson contributed in his personal crusade and funds that do not need to be declared under US election finance regulation.
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In November of 2013, Adelson announced the establishment of the Coalition to Stop Internet Gambling, which creates videos to warn the public about the evils of (online) gambling. As a result of this campaign, two federal bills have been proposed, in addition to state-level initiatives, but the effort is facing opposition from states’ rights organizations, including the National Conference of State Legislatures and the North American Association of State and Provincial Lotteries.
The American Gaming Association, of which Adelson is a member, withdrew its support of regulations of online gambling.
While the amount spent on this newest effort is just $10, 000 shy of Las Vegas Sands record spending on lobbying in 2008, it is still nothing close to the $92 million Sheldon Adelson and his wife Miriam contributed in 2012 during the previous election cycle.
Adelson, 80, is worth $37 billion, according to Forbes, and is likely to up the ante in his efforts, although it is possible the House (and Senate) may win this round.
