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Sheldon Adelson’s Campaign Against Online Gambling Regulation

Sheldon Adelson, the late billionaire casino magnate and founder of Las Vegas Sands Corporation, was a towering figure in the gambling industry and a polarizing force in the debate over online gambling regulation in the United States.
While many casino operators saw the internet as a new frontier for profit, Adelson waged a relentless campaign to block its legalization, citing moral, social, and business concerns.
His efforts, primarily channeled through the Coalition to Stop Internet Gambling, left a lasting impact on the regulatory landscape.
Let’s explore Adelson’s motivations, strategies, and the role of initiatives like Jackpot Sounds, a platform aggregating big online casino wins, in the broader context of the online gambling debate.

Jackpot Sounds: Celebrating Big Wins Amid the Debate

A 2023 report estimated that online gambling generated $5.7 billion in revenue in the U.S., a figure amplified by spotlighting success stories. It caused the rise of gamblers’ desire to address the big win replays. Platforms like Jackpot Sounds emerged, highlighting and aggregating big win replays as the enticement of online gambling.

The platform showcases real-time highlights of significant payouts, from slot machine jackpots to poker tournament victories, fostering community among online gamblers.

Jackpot Sounds captures the excitement of virtual jackpots, offering players a way to relive thrilling moments.

By curating content that celebrates high-stakes wins, Jackpot Sounds underscores the appeal that Adelson sought to suppress.

But what preceded this success of online gambling in the USA? How is Sheldon Adelson’s name related? While Adelson argued that such accessibility endangered society, Jackpot Sounds reflects the industry’s resilience and the public’s enthusiasm for digital gaming.

The Rise of Sheldon Adelson and His Casino Empire

Born on August 4, 1933, in Boston, Massachusetts, Sheldon Adelson grew up in modest circumstances.

By 12, he sold newspapers, showcasing an entrepreneurial spirit that defined his career. By 1995, Adelson had amassed wealth through ventures like the Comdex trade show, which he sold for $860 million.

He then focused on the casino industry, founding Las Vegas Sands Corporation. By 2019, his net worth was estimated at $35 billion, making him one of the world’s wealthiest individuals. His flagship properties, including The Venetian Las Vegas and Marina Bay Sands in Singapore, solidified his status as a global casino titan.

Adelson’s influence extended beyond business. A major Republican Party donor, he contributed over $90 million to political campaigns in 2012 alone, earning the moniker “kingmaker.”

His financial clout gave him significant leverage in Washington, D.C., which he later wielded in his fight against online gambling.

Adelson’s Stance on Online Gambling

Adelson’s opposition to online gambling emerged publicly in 2013, when he declared his intent to block its legalization in the U.S. Unlike competitors like Caesars Entertainment and MGM Resorts, who embraced online platforms, Adelson argued that internet gambling posed unique risks. In a June 2013 Forbes article, he claimed it could lead to financial ruin for vulnerable individuals, including those with student debt.

He also expressed concerns about underage access and the potential for money laundering, calling online gambling “a danger to society.”

Critics, however, pointed to a potential conflict of interest. Adelson’s brick-and-mortar casinos thrived on in-person gambling, and online platforms threatened to divert revenue.

A 2001 Las Vegas Sun article revealed that Adelson had once supported online poker, suggesting his later opposition might have been strategic. By 2014, he was unequivocal, stating, “I am willing to spend whatever it takes” to stop online gambling.

The Coalition to Stop Internet Gambling

In January 2014, Adelson launched the Coalition to Stop Internet Gambling (CSIG), a lobbying group designed to rally support for a federal ban on online gambling.

Headed by prominent figures like former New York Governor George Pataki, former Arkansas Senator Blanche Lincoln, and former Denver Mayor Wellington Webb, CSIG aimed to influence lawmakers and the public.

The coalition’s website warned that online gambling “crosses the line of responsible gaming” by bringing casinos into “living rooms and smartphones.”

CSIG employed aggressive tactics, including:

  • Media Campaigns: In February 2014, CSIG released an ad titled “Don’t Let the Games Begin,” claiming online gambling could fund terrorism and harm families.
  • Lobbying Efforts: By 2015, CSIG had enlisted dozens of lobbyists, including former Mississippi Governor Haley Barbour, to push for legislation.
  • Political Alliances: Adelson secured support from governors like Rick Scott of Florida, who received $750,000 in campaign contributions from Adelson between 2010 and 2014.

The coalition’s efforts gained traction. In March 2014, 16 state attorneys general co-signed a letter to Congress urging a ban on online gaming. CSIG also influenced the American Gaming Association, which dropped its support for online gambling in 2014 after pressure from Adelson.

Legislative Push: The Restoration of America’s Wire Act

Adelson’s campaign focused on reinstating a broad interpretation of the 1961 Wire Act, which prohibited interstate wagering.

In 2011, the Department of Justice (DOJ) had issued an opinion stating the Wire Act applied only to sports betting, opening the door for states like New Jersey, Delaware, and Nevada to legalize online gambling. Adelson sought to reverse this.

On March 26, 2014, Senator Lindsey Graham and Representative Jason Chaffetz introduced the Restoration of America’s Wire Act (RAWA), a bill backed by Adelson to ban most forms of online gambling.

The legislation gained co-sponsors, including Senators Dianne Feinstein and Marco Rubio, and was reintroduced in February 2015. Adelson met House Speaker John Boehner in January 2015 to push RAWA, leveraging his $13.2 million in donations to Republican causes in 2014.

Despite these efforts, RAWA faced opposition from a coalition of casino operators, poker players, and states’ rights advocates.

By 2016, the bill had stalled in Congress, unable to overcome resistance from figures like New Jersey Governor Chris Christie, who legalized online gambling in his state in 2013.

Adelson’s Influence on the Department of Justice

Adelson’s campaign reached a high point in 2018, when the DOJ revisited its 2011 Wire Act opinion.

On November 2, 2018, the DOJ’s Office of Legal Counsel issued a new memo, released publicly on January 14, 2019, declaring that the Wire Act applied to all forms of online gambling, not just sports betting.

This reversal threatened the legal frameworks in states like New Jersey and Pennsylvania, which had generated $200 million in tax revenue from online gambling by 2017.

The timing raised suspicions. Adelson and his wife, Miriam, donated $113 million to Republican causes in 2016, including $20 million to Donald Trump’s campaign. In January 2017, then-Attorney General Jeff Sessions, who received campaign support from Adelson, expressed shock at the 2011 opinion and vowed to review it.

A February 2017 memo from former CSIG lobbyist Charles Cooper mirrored the DOJ’s 2018 arguments, prompting speculation of Adelson’s influence. In 2019, New Jersey and Pennsylvania attorneys general filed Freedom of Information Act requests seeking evidence of lobbying by CSIG and Adelson.

Resistance and Industry Pushback

Adelson’s efforts faced significant opposition. Caesars, MGM, and the American Gaming Association formed the Coalition for Consumer and Online Protection (C4COP) in February 2014 to counter CSIG’s narrative.

Led by former Representative Mary Bono and former Financial Services Committee Chairman Mike Oxley, C4COP argued that regulation, not prohibition, ensured consumer safety. A January 2014 poll by North Star Opinion Research, commissioned by C4COP, found that 74% of voters favored state-by-state legalization over a federal ban.

The Poker Players Alliance also mobilized, urging members to flood lawmakers’ social media with pro-gambling messages.

By 2015, states like Nevada, New Jersey, and Delaware had generated $2 billion in online gambling revenue, bolstering arguments for regulation. Critics like Jan Jones Blackhurst of Caesars called Adelson’s approach “counterproductive,” accusing him of fostering an unregulated black market.

Adelson’s Legacy and Ongoing Impact

Sheldon Adelson passed away on January 11, 2021, at the age of 87, but his campaign against online gambling left a complex legacy. While RAWA never passed, the 2018 DOJ memo slowed the expansion of online gambling, creating uncertainty for operators.

By 2023, only seven states had fully legalized online casino gaming, compared to 38 for sports betting, partly due to Adelson’s influence.

However, the industry continued to grow. A 2024 report projected U.S. online gambling revenue to reach $7.6 billion by 2026.

Adelson’s moral arguments resonated with some lawmakers, but critics viewed his campaign as defending his land-based empire. As Mary Bono noted in 2014, “It’s impossible to stand in the way of the internet.”

Conclusion

Sheldon Adelson’s battle against online gambling, spearheaded by the Coalition to Stop Internet Gambling, was a high-stakes effort to shape the industry’s future. From launching CSIG in 2014 to influencing the DOJ in 2018, Adelson used his wealth and political connections to advocate for a federal ban.

Yet, platforms like Jackpot Sounds highlight the enduring appeal of online gambling, celebrating wins that Adelson sought to curtail. While he delayed regulation in some areas, the momentum for legalization persisted, reflecting the challenges of containing a digital revolution.

Adelson’s story is a testament to the power—and limits—of influence in a rapidly changing world.

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Features

Israel Has Always Been Treated Differently

By HENRY SREBRNIK We think of the period between 1948 and 1967 as one where Israel was largely accepted by the international community and world opinion, in large part due to revulsion over the Nazi Holocaust. Whereas the Arabs in the former British Mandate of Palestine were, we are told, largely forgotten.

But that’s actually not true. Israel declared its independence on May 14,1948 and fought for its survival in a war lasting almost a year into 1949. A consequence was the expulsion and/or flight of most of the Arab population. In the immediate aftermath of the Second World War, millions of other people across the world were also driven from their homes, and boundaries were redrawn in Europe and Asia that benefited the victorious states, to the detriment of the defeated countries. That is indeed forgotten.

Israel was not admitted to the United Nations until May 11, 1949. Admission was contingent on Israel accepting and fulfilling the obligations of the UN Charter, including elements from previous resolutions like the November 29, 1947 General Assembly Resolution 181, the Partition Plan to create Arab and Jewish states in Palestine. This became a dead letter after Israel’s War of Independence. The victorious Jewish state gained more territory, while an Arab state never emerged. Those parts of Palestine that remained outside Israel ended up with Egypt (Gaza) and Jordan (the Old City of Jerusalem and the West Bank). They were occupied by Israel in 1967, after another defensive war against Arab states.

And even at that, we should recall, UN support for the 1947 partition plan came from a body at that time dominated by Western Europe and Latin American states, along with a Communist bloc temporarily in favour of a Jewish entity, at a time when colonial powers were in charge of much of Asia and Africa. Today, such a plan would have had zero chance of adoption. 

After all, on November 10, 1975, the General Assembly, by a vote of 72 in favour, 35 against, with 32 abstentions, passed Resolution 3379, which declared Zionism “a form of racism.” Resolution 3379 officially condemned the national ideology of the Jewish state. Though it was rescinded on December 16, 1991, most of the governments and populations in these countries continue to support that view.

As for the Palestinian Arabs, were they forgotten before 1967? Not at all. The United Nations General Assembly adopted resolution 194 on December 11, 1948, stating that “refugees wishing to return to their homes and live at peace with their neighbours should be permitted to do so at the earliest practicable date, and that compensation should be paid for the property of those choosing not to return and for loss of or damage to property which, under principles of international law or equity, should be made good by the Governments or authorities responsible.” This is the so-called right of return demanded by Israel’s enemies.

As well, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) was established Dec. 8, 1949. UNRWA’s mandate encompasses Palestinians who fled or were expelled during the 1948 war and subsequent conflicts, as well as their descendants, including legally adopted children. More than 5.6 million Palestinians are registered with UNRWA as refugees. It is the only UN agency dealing with a specific group of refugees. The millions of all other displaced peoples from all other wars come under the auspices of the UN High Commissioner for Refugees (UNHCR). Yet UNRWA has more staff than the UNHRC.

But the difference goes beyond the anomaly of two structures and two bureaucracies. In fact, they have two strikingly different mandates. UNHCR seeks to resettle refugees; UNRWA does not. When, in 1951, John Blanford, UNRWA’s then-director, proposed resettling up to 250,000 refugees in nearby Arab countries, those countries reacted with rage and refused, leading to his departure. The message got through. No UN official since has pushed for resettlement.

Moreover, the UNRWA and UNHCR definitions of a refugee differ markedly. Whereas the UNHCR services only those who’ve actually fled their homelands, the UNRWA definition covers “the descendants of persons who became refugees in 1948,” without any generational limitations.

Israel is the only country that’s the continuous target of three standing UN bodies established and staffed solely for the purpose of advancing the Palestinian cause and bashing Israel — the Committee on the Exercise of the Inalienable Rights of the Palestinian People; the Special Committee to Investigate Israeli Practices Affecting the Human Rights of the Palestinian People; and the Division for Palestinian Rights in the UN’s Department of Political Affairs.

Israel is also the only state whose capital city, Jerusalem, with which the Jewish people have been umbilically linked for more than 3,000 years, is not recognized by almost all other countries.

So from its very inception until today, Israel has been treated differently than all other states, even those, such as the Democratic Republic of Congo, Somalia, and Sudan, immersed in brutal civil wars from their very inception. Newscasts, when reporting about the West Bank, use the term Occupied Palestinian Territories, though there are countless such areas elsewhere on the globe. 

Even though Israel left Gaza in September 2005 and is no longer in occupation of the strip (leading to its takeover by Hamas, as we know), this has been contested by the UN, which though not declaring Gaza “occupied” under the legal definition, has referred to Gaza under the nomenclature of “Occupied Palestinian Territories.” It seems Israel, no matter what it does, can’t win. For much of the world, it is seen as an “outlaw” state.

Henry Srebrnik is a professor of political science at the University of Prince Edward Island.

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Features

Why New Market Launches Can Influence Investment Strategies

New market launches play a critical role in shaping how investors plan, diversify, and execute their financial strategies. When a company transitions from private ownership to public trading, it creates fresh opportunities for capital participation, valuation discovery, and long-term growth assessment. An upcoming IPO often attracts retail and institutional investors alike, as it offers an opportunity to invest at an early public stage. These launches influence market sentiment, sector momentum, and portfolio allocation decisions, making them an important consideration for anyone seeking to align investment strategies with evolving market dynamics. Understanding how new listings affect pricing, risk, and long-term potential helps investors make more informed, disciplined choices.

Understanding the Role of New Market Launches

New market launches introduce fresh capital, innovation, and competition into public markets. They often signal broader economic trends and provide insights into emerging sectors. For investors, these launches are more than just new tickers—they shape market behavior and strategic planning.

Expanding Market Opportunities

New listings expand the investable universe by introducing companies that were previously inaccessible. This allows investors to explore new industries, technologies, or business models, helping diversify portfolios and reduce reliance on mature or saturated sectors.

Price Discovery and Valuation Dynamics

Initial listings go through a price-discovery phase in which demand and supply determine valuation. This process can create short-term volatility but also offers strategic entry points for investors who understand fundamentals and market sentiment.

Capital Flow Redistribution

When new companies enter the market, capital often shifts from existing stocks to new offerings. This redistribution can influence sector performance and temporarily affect broader indices, thereby altering portfolio allocation strategies.

Reflection of Economic Confidence

A steady flow of new listings often reflects positive economic sentiment and business confidence. Investors monitor these signals to gauge market health and adjust their equity exposure accordingly.

Increased Market Liquidity

New launches contribute to overall market liquidity by increasing the number of tradable shares. Increased liquidity improves price efficiency and offers investors more flexibility in executing trades.

How New Listings Shape Investor Decision-Making

Investment strategies are not static; they evolve based on market conditions and available opportunities. New market launches influence how investors assess risk, timing, and portfolio balance.

Risk Assessment and Appetite

Newly listed companies may carry higher uncertainty due to limited public financial history. Investors must evaluate their risk tolerance and decide whether early exposure aligns with their overall strategy.

Portfolio Diversification

Including new listings can enhance diversification by adding exposure to different revenue models or growth stages. This helps balance portfolios that may be overly concentrated in established companies.

Short-Term vs Long-Term Strategies

Some investors seek short-term gains driven by listing momentum, while others focus on long-term value creation. Understanding this distinction helps align new investments with broader financial goals.

Sector Rotation Strategies

New listings often emerge from high-growth sectors. Investors may rotate capital into these sectors early, anticipating future expansion and innovation-led growth.

Behavioral Influence on Markets

Public interest and media coverage surrounding new listings can influence investor behavior. Awareness of sentiment-driven movements helps investors avoid emotional decision-making.

Evaluating New Market Launches Effectively

Not all new listings present equal opportunities. A structured evaluation framework helps investors separate strong prospects from speculative risks.

Business Model Strength

Understanding how a company generates revenue and maintains profitability is a fundamental part of evaluating new market entrants. A well-defined business model shows how products or services create value for customers and how that value is monetized. Scalable models, diversified revenue streams, and predictable income sources often indicate stronger resilience and long-term investment potential, especially in competitive or evolving industries.

Financial Transparency

Clear and detailed financial disclosures help investors assess a company’s overall health and risk profile. Reviewing revenue growth, operating margins, debt obligations, and cash flow stability provides insight into financial discipline and sustainability. Transparent reporting practices reflect management accountability and reduce uncertainty, enabling investors to make informed decisions based on reliable data rather than speculation.

Competitive Positioning

A company’s ability to compete effectively within its industry is a key determinant of future performance. Investors analyze market share, differentiation strategies, pricing power, and barriers to entry to understand competitive advantages. Strong positioning suggests the company can defend its market position, withstand competitive pressures, and capitalize on emerging opportunities over time.

Management and Governance

Leadership quality plays a crucial role in long-term value creation. Experienced executives with a track record of execution, combined with robust corporate governance structures, signal operational credibility. Transparent decision-making, independent oversight, and ethical practices help reduce risk and align management actions with shareholder interests, particularly for newly listed companies.

Growth Sustainability

While rapid expansion can attract attention, sustainable growth is what supports lasting returns. Investors assess whether realistic assumptions, operational capacity, and consistent market demand support growth projections. Balanced expansion strategies that prioritize profitability, efficiency, and long-term planning are often viewed as more reliable than aggressive growth that strains resources or increases financial risk.

Strategic Timing and Market Conditions

The success of an upcoming IPO is closely linked to strategic timing and prevailing market conditions, which significantly influence investor response and post-listing performance. Market sentiment plays a decisive role, as optimistic, growth-driven environments often generate strong demand for new listings, supporting positive price momentum after debut. In contrast, cautious or volatile markets can suppress enthusiasm, limiting upside potential even for fundamentally strong companies. Alongside sentiment, macroeconomic factors such as interest rate trends, monetary policy direction, and fiscal measures shape capital allocation decisions. Lower interest rates generally encourage investors to seek growth opportunities through IPOs, while tighter policy conditions may dampen risk appetite. Together, timing, sentiment, and policy context form a critical framework for investors to evaluate entry strategies for upcoming IPOs.

Conclusion

New market launches have a meaningful influence on investment strategies by introducing fresh opportunities, shifting capital flows, and shaping market sentiment. From diversification and growth exposure to timing and risk management, these listings require thoughtful evaluation and disciplined execution. By understanding their broader impact and aligning participation with financial goals, investors can integrate new opportunities into well-structured portfolios while maintaining balance and long-term focus.

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Features

Are Niche and Unconventional Relationships Monopolizing the Dating World?

The question assumes a battle being waged and lost. It assumes that something fringe has crept into the center and pushed everything else aside. But the dating world has never operated as a single system with uniform rules. People have always sorted themselves according to preference, circumstance, and opportunity. What has changed is the visibility of that sorting and the tools available to execute it.

Online dating generated $10.28 billion globally in 2024. By 2033, projections put that figure at $19.33 billion. A market of that size does not serve one type of person or one type of relationship. It serves demand, and demand has always been fragmented. The apps and platforms we see now simply make that fragmentation visible in ways that provoke commentary.

Relationship Preferences

Niche dating platforms now account for nearly 30 percent of the online dating market, and projections suggest they could hold 42 percent of market share by 2028. This growth reflects how people are sorting themselves into categories that fit their actual lives.

Some want a sugar relationship, others seek partners within specific religious or cultural groups, and still others look for connections based on hobbies or lifestyle choices. The old model of casting a wide net has given way to something more targeted.

A YouGov poll found 55 percent of Americans prefer complete monogamy, while 34 percent describe their ideal relationship as something other than monogamous. About 21 percent of unmarried Americans have tried consensual non-monogamy at some point. These numbers do not suggest a takeover. They suggest a population with varied preferences now has platforms that accommodate those preferences openly rather than forcing everyone into the same structure.

The Numbers Tell a Different Story

Polyamory and consensual non-monogamy receive substantial attention in media coverage and on social platforms. The actual practice rate sits between 4% and 5% of the American population. That figure has remained relatively stable even as public awareness has increased. Being aware of something and participating in it are separate behaviors.

A 2020 YouGov poll reported that 43% of millennials describe their ideal relationship as non-monogamous. Ideals and actions do not always align. People answer surveys about what sounds appealing in theory. They then make decisions based on their specific circumstances, available partners, and emotional capacity. The gap between stated preference and lived reality is substantial.

Where Young People Are Looking

Gen Z accounts for more than 50% of Hinge users. According to a 2025 survey by The Knot, over 50% of engaged couples met through dating apps. These platforms have become primary infrastructure for forming relationships. They are not replacing traditional dating; they are the context in which traditional dating now occurs.

Younger users encounter more relationship styles on these platforms because the platforms allow for it. Someone seeking a conventional monogamous partnership will still find that option readily available. The presence of other options does not eliminate this possibility. It adds to the menu.

Monopoly Implies Exclusion

The framing of the original question suggests that niche relationships might be crowding out mainstream ones. Monopoly means one entity controls a market to the exclusion of competitors. Nothing in the current data supports that characterization.

Mainstream dating apps serve millions of users seeking conventional relationships. These apps have added features to accommodate other preferences, but their core user base remains people looking for monogamous partnerships. The addition of new categories does not subtract from existing ones. Someone filtering for a specific religion or hobby does not prevent another person from using the same platform without those filters.

What Actually Changed

Two things happened. First, apps built segmentation into their business models because segmentation increases user satisfaction. People find what they want faster when they can specify their preferences. Second, social acceptance expanded for certain relationship types that previously operated in private or faced stigma.

Neither of these developments amounts to a monopoly. They amount to market differentiation and cultural acknowledgment. A person seeking a sugar arrangement and a person seeking marriage can both use apps built for their respective purposes. They are not competing for the same resources.

The Perception Problem

Media coverage tends toward novelty. A story about millions of people using apps to find conventional relationships does not generate engagement. A story about unconventional relationship types generates clicks, comments, and shares. This creates a perception gap between how often something is discussed and how often it actually occurs.

The 4% to 5% practicing polyamory receive disproportionate coverage relative to the 55% who prefer complete monogamy. The coverage is not wrong, but it creates an impression of prevalence that exceeds reality.

Where This Leaves Us

Niche relationships are not monopolizing dating. They are becoming more visible and more accommodated by platforms that benefit from serving specific needs. The majority of people seeking relationships still want conventional arrangements, and they still find them through the same channels.

The dating world is larger than it was before. It contains more explicit options. It allows people to state preferences that once required inference or luck. None of this constitutes a takeover. It constitutes an expansion. The space for one type of relationship did not shrink to make room for another. The total space grew.

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