Tag: rawa

Spending Race Heats up over Online Casinos
casino blog
06 August 2014

Sheldon Adelson, the billionaire CEO of Las Vegas Sands, has returned to the trenches in his fight against online gambling.  He has boosted his spending to record levels, paying $290,000 during the second quarter of this year just in opposition to online gambling.  One of the key bills he's supporting, the Restoration of America's Wire Act (RAWA), would reverse the progress of state-regulated online gambling. 

Specifically, it would force the states with existing online gambling—Nevada, New Jersey, and Delaware—to get permission from Congress in order to continue their operations.  The RAWA would exempt in-person lottery sales, betting on horse racing, and fantasy sports. Late last year Adelson founded the Coalition to Stop Internet Gambling.  The group has hired several high-paid lobbyists and has been successful in convincing many politicians to join their cause, including ones that previously supported online gambling regulation.

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