Summary Box: Casino exec opposes online bets

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BAD IDEA: Sheldon Adelson, the world’s richest casino executive and chief of the industry’s largest publicly traded company, says he opposes online gambling.

THE REASON: He doesn’t believe available technology is good enough to prevent young people from making wagers on the Internet.

THE BIGGER PICTURE: Adelson’s opposition is a personal viewpoint, not a formal stance taken by his company, Las Vegas Sands. The opposition comes as other operators, including Caesars Entertainment Corp. and MGM Resorts International, have backed an industry push to legalize online poker and let established casinos offer it in the United States.