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> A coalition backed by billionaire casino executive Sheldon Adelson lobbied the Justice Department in 2017 to reconsider its 2011 decision that cleared the way
by ianhawes 8y ago
> A coalition backed by billionaire casino executive Sheldon Adelson lobbied the Justice Department in 2017 to reconsider its 2011 decision that cleared the way for states to allow online gambling.
Adelson was a major financial supporter of Trump and the GOP in 2016 vis-à-vis the Future 45 Super PAC. His wife was recently awarded the Presidential Medal of Freedom. This decision was bought and paid for.
- dmix 8y agoJust like countless "regulations" in the past. The 2008 financial crisis was rampant with this stuff. The number of small banks dwindled significantly under new laws while the "big 5" old banks flourished. The "too big to fail" era left the US with fewer choices in the marketplace, thanks to the political elite and their revolving door connection with big industry. Crony capitalism is just as bad as authoritarian socialism, but at least the latter feigns helping the regular person, instead of lining the pockets of the elite while claiming "free markets". The papers should be lashing out against this type of stuff. But I guess none of the left-leaning major papers want to seem soft on 'regulation'.
- joejerryronnie 8y agoAll political decisions are bought and paid for, even progressive ones.
- Sohcahtoa82 8y agoWhile true, I trust a union to be lobbying in favor of workers far more than I trust Walmart.