In the short-term, Adelson predicts that U.S. It's not fun if it's your job but it's great for consumers whose money goes a longer way. I think there is a good chance online gambling will fuel demand for real-life gambling but if not, the general economy will prosper because technology solves inefficiency.
Many inefficient industries float hundreds of thousands of jobs.
casino industry in the long run and will destroy hundreds of thousands of jobs. I'm quoting Sheldon Adelson from the recent Forbes article and will address the concerns he raises with respect to online gambling.Īdelson also thinks that online gambling is 'suicidal' for the U.S. I won't go into the moral debate but will examine his standpoint from a business strategic / investor perspective. ( NYSE: LVS) told Forbes on that he is determined to stop online gambling in America. Sheldon Adelson, billionaire and chief executive of casino company Las Vegas Sands Corp.
