[Mr KLC]

Donald Trump sees money — lots of it — flowing away from him. That, he said, needs to change.

The real estate mogul and founder of an Atlantic City casino company says the United States should legalize Internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture as soon as it's legal.

The company says it wants to get in on the ground floor of the Internet gambling business, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.

"It should be approved here," Trump told The Associated Press on Thursday. "An awful lot of money is leaving the U.S. that should and could stay in this country."

http://www.newsmax.com/finance/Stree.../20/id/415238/

Would be interested to see if he still holds this same opinion on the subject. Haven't seen anyone ask him about it.

[jjgold]

good article KLC

It will never happen though

[pavyracer]

http://money.cnn.com/2015/12/01/news...asinos-moodys/

In gambling the house usually wins, but in Atlantic City it's the casinos that are facing long odds.

A new report by Moody's warns that the city could lose additional casinos in the face of increased competition, according to Moody's.





Atlantic City, known for its casino-lined boardwalk on the Jersey Shore, lost four of those gambling houses last year along with 8,000 jobs.
The New Jersey city still has eight casinos, but not for much longer, says Moody's.
"We expect more casino closures to occur in Atlantic City as some struggle to grow their business and face additional competition," said Moody's Investors Service, in a report on the gaming industry.
Moody's said that gaming revenue dropped 8% last year and three of the remaining casinos are "already on the brink," with the Trump Taj Mahal, Caesar's and Bally's having filed for Chapter 11 bankruptcy protection.
"As the number of casinos shrink, some of the remaining casinos have seen revenues increase," said Moody's. "But we expect increased competition will keep the heat on incumbents, and that number of casinos in Atlantic City will likely continue to shrink."
The casinos that have already closed down include Trump Plaza, Showboat and Revel, a slick-looking gambling house of gleaming glass that targeted high-end gamblers but didn't last two years.
Related: Trump to Atlantic City casinos: 'You're fired!'
The Atlantic City gambling industry faces increased competition from casinos opening up in the region. Moody's said that eight casinos are to open in New York, Massachusetts, Pennsylvania and Maryland by the end of 2018.
The first of the new casinos, MGM National Harbor, is scheduled to open in Maryland, near Washington, D.C., in the fall of 2016.
The surge is being driven by an increase in government approval of gambling licenses "in a bid to keep more casino tax dollars within state borders," said Moody's.
Ohio is one of the more aggressive states, having approved 11 casinos since 2012.
The increase in casinos is putting the pressure not just on Atlantic City, but existing casinos in Pennsylvania, Maryland, Rhode Island and New York, according to the report.
Related: Macau can't survive without gambling


CNNMoney (New York) First published December 1, 2015: 12:20 PM ET

[TheSideBet]

Would love to see an Executive Order in his first 100 days to legalize it.

[Mr KLC]

All it takes is a pen and a phone. Our current president is displaying that philosophy right now.

[l7ustin]

Nice share thanks.

[The Kraken]

All it takes is a pen and a phone. Our current president is displaying that philosophy right now.

slow down and let this FACT soak in

For ALL two term presidents in US history, Obama has utilized executive orders LESS THAN any other president ever

He's also used executive orders less than 9 other ONE TERM presidents

Gotta keep things in perspective

The man rarely uses them. Watch your prejudice.

[The Kraken]

Bush didn't have to use it NEAR as much as he would have had 9/11 not happened. Much of what he wanted passed got pushed through as pork in other bills like the Patriot Act.

Not knocking Bush here, he got dealt the cards and he played them. Just providing more context

[Mr KLC]

slow down and let this FACT soak in

For ALL two term presidents in US history, Obama has utilized executive orders LESS THAN any other president ever

He's also used executive orders less than 9 other ONE TERM presidents

Gotta keep things in perspective

The man rarely uses them. Watch your prejudice.

Just pointing out he is getting popular for doing this the last week.

[The Kraken]

He is, all I'm asking is that it's kept in context. He has a right to use it like those before him, and he's chosen to use it less, even with a congress that opposed him fiercely.

[TheSideBet]

slow down and let this FACT soak in

For ALL two term presidents in US history, Obama has utilized executive orders LESS THAN any other president ever

He's also used executive orders less than 9 other ONE TERM presidents

Gotta keep things in perspective

The man rarely uses them. Watch your prejudice.

I think President Obama is simply using it over more hot button issues is why it gets the attention. But according to a fivethirtyeight.com article from Nov 2014, Obama was only 3 short of former President Bush. So its close. But like I said, not so much about numbers as it is the issues. Things the people and Congress wouldn't agree to, he circumvents it more it seems - immigration, terrorism, gun control and so forth.