Sheldon Adelson, the most successful gambling entrepreneur in history, is terrified.
If web gaming is legalized, the self-made multibillionaire and mega-donor insists, big-name Silicon Valley companies will invest heavily in the business, eventually coming to dominate the market with their superior technology and global reach. States will smell money and levy taxes. And then it will happen: the apocalypse, sayeth the Cassandra of gaming soothsayers, who is putting his fortune where his crystal ball is.
“Somebody like Google or Facebook, they’ve got a billion customers hitting them every day,” marveled Adelson, who chairs Las Vegas Sands, which owns the Venetian and the Palazzo on the Las Vegas Strip, in a lengthy recent interview. “They’ll come in there, they’ll squash the other guys like … you squash the little ant running across the table or the floor and that’s going to be the end of all of it.”
(photo via DonkeyHotey)