Venetian Boycott Not Working, Adelson Sees Triple Profits as Body Count Rises
Attempts to get poker players to boycott the Venetian Hotel and Casino’s Las Vegas poker room this week have apparently fallen on deaf ears.
The room has been bristling with action each and every day.
The boycott was called following Venetian chairman Sheldon Adelson’s public assault on legalized Web poker in the US. He referred to online poker as “a cancer”, “toxic” and “destructive to society”.
Adelson’s basis for lashing out at poker on the Net had everything to do with a “moral standing”, or so he claims.
But we won’t let morals get in the way of profit where his Macua property is concerned.
Forget that people are getting mercilessly killed in Macau for their gambling ties over past months. Three murders in less than two weeks last month.
Adelson’s Sands China Ltd. just reported triple profits at a time when Macau’s casino sector fell flat this past month for the first time in recent memory.
Net income for the Hong Kong-listed unit of Las Vegas Sands Corp. increased to $487.6 million from $160.5 million a year earlier, according to its parent’s filing in U.S. GAAP standard today. Revenue climbed 40 percent to $2.07 billion from $1.48 billion.
- Ace King, Gambling911.com
