Billionaire casino boss and Las Vegas legend Steve Wynn shares Sheldon Adelson’s unwavering opposition to online gaming, and on the G2E gaming conference this week in Las Vegas said that casino games on the internet could hurt his land-based casinos.
According to the Las Vegas Review-Journal, Wynn told an audience that Internet gaming wasn’t an outstanding moneymaker presently (Wynn is true in this at least), but that the activity also carries a large risk—one that he thinks could jeopardize all the casino industry.
Wynn believes that if Internet gaming goes wrong—we’re not talking about lackluster revenues but rather some form of public relations crisis—then state governments might look to extend “regulation or oversight for land-based gambling.”
That’s a Republican’s nightmare—and Wynn and Adelson are staunch conservatives.
Even though a PR crisis attributable to online gambling exclusively is unlikely, Wynn’s point is slightly more measured than what others have put forth about brick-and-mortar gambling suffering on account of people with the ability to play games in pajamas from their homes.
The latter argument is fiercely refuted by those—and there are lots of on this camp—who argue that online gaming can create a synergy between the live and virtual spaces.
Wynn’s comments are underscored by the truth that some criticized the regulatory review process in Massachusetts (where Wynn just won a bid to construct a casino within the Boston area) as being too cumbersome. Some were once worried that the entire gambling expansion plan could unravel.
Generally speaking, the united states.. casino industry is often at the defensive, looking to convince Americans that the industry is important to the total economic health of the rustic. Recently, the yankee Gaming Association, that's tasked with this perpetual PR battle, came out with data that said the casino industry contributes $240 billion to the economy.
Adelson keeps harping on his apparently morally-based belief that web poker sites can’t prevent minors from playing, and Wynn seems to share this concern by worrying a couple of PR crisis. Both casino owners are criticized in this point by the truth that underage gamblers make it into brick-and-mortar casinos too, and that the net space actually provides more robust safeguards.
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