World's richest casino exec opposes online wagers
LAS VEGAS (AP) — The world's richest casino executive says he opposes online gambling because he doesn't believe available technology is good enough to prevent young people from making wagers on the Internet.
A spokesman for Las Vegas Sands CEO Sheldon Adelson said Wednesday that Adelson's opposition is a personal viewpoint, not a formal stance taken by the company.
Sands spokesman Ron Reese says Adelson hasn't talked with the company's board about his position, and the board hasn't decided a strategy on online gambling.
Other operators, including Caesars Entertainment Corp. and MGM Resorts International, are backing an industry push to legalize online poker and let established casinos offer it.
American Gaming Association head Frank Fahrenkopf says he met with Adelson on Monday, but that won't change the group's support of legalizing poker online.