Billionaire casino mogul Sheldon Adelson said Thursday that he is “morally opposed” to online gambling, labeling it a “cancer waiting to happen.”
“It’s a train wreck, it’s a toxicity, it’s a cancer waiting to happen,” Adelson said in an interview with Bloomberg Television. “Younger people, people who can’t afford it, can gamble while they’re on a subway or a bus or a passenger in a car, or while they’re lying in bed in their birthday suits on their smartphone or on their iPad…What is the purpose of putting a casino on everybody’s kitchen table?”
Adelson is the CEO of the largest casino company in the world by market value, Las Vegas Sands Corp., according to Bloomberg. He claimed that his objections to online gambling have nothing to do with virtual gaming potentially directing customers away from his casinos.
“I can afford to be honest and moral without taking money into consideration, and that’s what I’m doing,” he said.
Several state legislators are considering legislation to legalize online gambling in their states. Nevada, New Jersey and Delaware have already approved it. On Wednesday, Adelson wrote a column in Forbes outlining his opposition to online gaming.
