Tuesday, January 07, 2014

Bet on the one who owns the most politicians

Billionaires, including George Soros, are betting big on internet gambling. However, one man, the nation's fifth wealthiest, Sheldon Adelson, plans to spend whatever it takes to stop it. He spent over one hundred million trying to get Romney elected in 2012. Adelson owns casinos. He, somewhat belatedly and hypocritically it seems to me, doesn't want people to get addicted. Nathan Vardi of Forbes says he is not looking like a winner on this bet. Soros and company have already seen their bet in online Caesars gain 30% over their initial outlay.

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