Congressional Hearing Set Up for RAWA in Early December
11 November 2015
The Restoration of America's Wire Act is the product of Sheldon Adelson's campaign to end online gambling in the United States to protect his land-based casino empire. It hinges on changing the Wire Act from the 1960s, an act used to combat organized crime sports betting operations that took bets over the phone, to something it was never meant to be: a law that affects all forms of gambling on a piece of technology that wasn't even invented yet. A Congressional hearing for this act is apparently due on December 9.
The Chances of the RAWA Passing
At this point, it's tricky to say what the chances are of the RAWA passing. Right now it's known as HR707 in Congress, and players are urged to contact their senators and representatives to speak out against this bill. While there's a lot of scary stuff going on, especially since everyone remembers how the UIGEA was sneaked through, the fact of the matter is that only 24 representatives have become supporters. While this hearing could increase supporters, it's more likely to be a dud overall.
Another Chance for Adelson
Adelson has another option to try to get politicians to put a moratorium in effect for purposes of studying the online gambling industry for two years. This would prevent any states from regulating the environment, and its effects aren't immediately clear for states like New Jersey, Nevada and Delaware that already have online gambling licensing processes. As much as Adelson is sure that people playing penny slots on their smartphones while waiting in a doctor's office lobby is going to bankrupt his business, the fact of the matter is that this moratorium is more likely than getting the RAWA passed while remaining a long-shot.
The irony behind all of this business with the RAWA is that the most likely outcome is that absolutely nothing good happens for Adelson and more attention is brought to the need to regulate the online gambling industry. In gambling circles, this is known as a freeroll because we have a chance to gain something without really risking anything of value, and with as much attention as the RAWA is getting right now, its chances of actually being passed are next to nil.
06 January 2016Regulators Watching Adelson's Newspaper Takeover
Sheldon Adelson's family recently bought up the Las Vegas Review-Journal for a total of about $140 million. Because he has gambling businesses running in both Pennsylvania and the state of Nevada, Adelson is going to be subject to monitoring from gambling regulators over this transaction. The justification comes from the fact that regulators reserve the right to look into transactions like this from the News & Media LLC that's owned by Adelson's family.Read full article
30 October 2015Big Coalition to Stop Internet Gambling Self-Embarrassment
Sometimes it's easy to poke fun at your political opponents over things that don't really matter all that much. However, in the case of the RAWA (Restoration of America's Wire Act) bill being considered in Congress right now, anti-online gambling group Coalition to Stop Internet Gambling, or CSIG for short, completely and totally embarrassed themselves by launching a full-on assault against the English language in a press release full of errors.Read full article
22 July 2015USA Anti-Online Gambling Lobby Grows Larger
The lobbying effort against the expansion of US online gambling has continued to grow. Sheldon Adelson's Restoration of America's Wire Act is the main focus, and Squire Patton Boggs of Washington has joined the cause. This has been done through Adelson's Coalition to Stop Internet Gambling. This firm includes a number of major political figures, and it shows that the lobby against online gambling is continuing to grow.Read full article