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Why Sheldon Adelson Opposes DFS

by ivan

Sheldon Adelson is the owner of the largest gambling empire in Las Vegas, the Sands. He is the main mover behind the $1.9 billion football stadium planned for Las Vegas and the move of the Oakland Raiders to Las Vegas. While he makes his money extracting money from casino players, he sees a difference between what he does and the exploitation of the young and the poor through DFS games. He is opposed to legalizing them and he claims that his opposition is not just based on not wanting the competition. Nevada recently determined that DFS is gambling, did not outlaw it, but required that providers of DFS must seek a gambling license. Most DFS companies will not do that because they claim they are not providing gambling. One small vendor has applied for a license and has opened lounges in a few Vegas casinos. But, effectively DFS is banned from Nevada. Adelson is temporarily satisfied with Nevada’s action because he believes that DFS is immoral, preying upon the poor and the young. Adelson differentiates his own predatory gambling as being upon the wealthy an middle class who go to Las Vegas to gamble and for whom the casino can refuse to serve them if they are exhibiting signs of getting too deeply engrossed in the games. The distinction between a predatory casino and a predatory DFS provider may seem vague to most of us, but to Adelson the distinction between what he regards as controlled gambling and gambling without controls on who loses and how much, is a difference between a moral business and an immoral one. This author disagrees. Twenty-eight NFL teams have cut deals with Draft Kings or Fan Duels. Adelson says the league is involved with gambling already. The claim that DFS is not gambling is fallacious. DFS makes everyone with a cell phone a potential gambler, and a potential addict. Adelson views that as immoral because of the access to the poor and the young because the DFS sites cannot card their patrons. When asked if he would provide lounges for DFS players in his casinos as some Las Vegas casinos have done for a share of the profits, he replied, “NEVER!”   https://ca.finance.yahoo.com/news/exclusive-why-sheldon-adelson-is-against-daly-fantasy-sports   Daniel Roberts, September 9, 2016.

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