1. #1
    Scorpion
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    Donald Trump's Stance On Internet Gaming

    Back in 2011, Trump made it clear to Forbes that he was quite interested in online poker, saying that it was about time for the United States to collect the revenue that online gambling could provide.

    http://www.forbes.com/sites/nathanva.../#647212145e84
    Oct 20, 2011 @ 04:12 PM 7,044 views
    Donald Trump: Internet Gambling Mogul

    With the U.S. casino industry making a hard push to pass federal online gambling legislation, it is no surprise that Donald Trump has plans to seize the Internet. “This has to happen because many other countries are doing it and like usual the U.S. is just missing out,” Trump told FORBES. “It seems inevitable, but with this country you never know if it’s inevitable.”


    Trump’s comments come after Trump Entertainment Resorts disclosed in a securities filing it will form a joint venture for Internet gambling with Trump, together with his daughter Ivanka Trump, and Avenue Capital Group, the $12 billion hedge fund firm controlled by billionaire Marc Lasry. “We have been looking at this for a while,” Trump says. “We have the hottest brand in the world according to many and we think we will do extremely well because of the Trump brand.”

    Trump and Lasry are in the final stages of selecting a management partner, negotiating with undisclosed third parties that have “experience in operating on-line gaming businesses in jurisdictions outside the United States where on-line gaming is currently allowed by law,” according to a Trump Entertainment Resorts Securities & Exchange Commission filing.

    Trump is preparing both for the possibility of federal Internet gambling regulation becoming law or that New Jersey will do something on the state level. Senate Majority leader Harry Reid and the American Gaming Association are working to get online gambling legislation through a divided Congress. New Jersey Governor Chris Christie vetoed an online gaming bill earlier this year, but some New Jersey lawmakers are still working to get legislation passed. Trump and Lasry have no plans to move forward without a federal or state regulatory regime in place. The joint venture would be 10% owned by Trump Entertainment, which is controlled by Lasry’s Avenue Capital.

    Billionaire casino moguls like Trump and Steve Wynn have not publicly shown any interest in online gambling until this year, leaving the U.S. online gambling market, the biggest in the world, for offshore companies that operated U.S. facing web sites despite the fact that the Justice Department said all forms of online gambling were illegal, which has been a hotly contested issue.

    Trump says both federal and state governments would benefit from increased tax revenues if online gaming was properly regulated. “The U.S. is missing out and New Jersey is missing out and everyone else is getting it,” Trump says.

  2. #2
    Scorpion
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    Donald Trump May Oppose Many Things, But Online Gambling Isn’t One

    John Mehaffey Aug.04, 2015 4:52:AM

    http://www.uspoker.com/blog/trump-on...e-topic/12102/


    Describing Donald Trump as the most controversial presidential candidate is an understatement.His comments have struck nerves across the political spectrum.Trump is a long shot in the presidential race. Offshore sportsbooks post 25/1 odds against Trump winning the White House race. There are three Republican candidates with better odds, as well as two Democrats.On the other hand, Barack Obama was trailing Hillary Clinton by a 2-1 margin in the polls at this point in 2007. Obama’s lead in the race did not take shape until February 2008. Trump is already leading the GOP race in most polls.Support for and involvement in regulated online gambling

    The online gaming industry may not want to immediately dismiss Trump’s candidacy.Trump is a strong proponent of legalized online gaming. “It has to happen because many other countries are doing it and like usual the U.S. is just missing out,” Trump told Forbes in 2011.At the time, Donald Trump and Trump Entertainment were in the planning stages of a joint online gaming venture. New York hedge-fund manager Marc Lasry was also named as a partner.The company formed through this partnership appears to be Poker Ventures LLC. This companyincorporated in Nevada and Delaware in 2012. It was incorporated in New Jersey in July 2013 between the time online gaming was legalized in New Jersey and when it went live.Poker Ventures received a vendor license to operate in the New Jersey interactive gaming industry.The company uses the same address as The Trump Corporation on its New Jersey vendor license and corporate filings disclose Donald Trump as the director. While Donald Trump and Poker Ventures never officially moved into the New Jersey online gaming market, his position on the issue is clear.Trump Entertainment took another path, partnering with Ultimate Gaming and Betfair under two separate Atlantic City resorts.You won’t see the Trump online casino anytime soon, however

    Trump’s name could not be licensed for gaming over the Internet. It is only licensed for use at Atlantic City casinos.Insiders at Ultimate Gaming cited this as one of the reasons for its failure to capture any significant market share. Competitors at most New Jersey poker and casino sites used the brand name of the Atlantic City casino associated with its license in some capacity. Ultimate Gaming was unable to do so.Betfair was under the same restriction before it moved to Golden Nugget’s license.Trump could play the iGaming card in his favor

    Trump is leading the Republican presidential primary polls. This guarantees him inclusion in debates for as long as he shows in polls.
    Online gaming is not a hot button topic, but it is not out of the question that Trump could use it to show hypocrisy among some of his opponents that favor a states’ rights position, while at the same time supporting a federal government ban of online gaming.Getting the topic out in the open in a presidential debate would only be a positive for the online gaming industry, even if you don’t like the messenger.Image Andrew Cline / Shutterstock.com

  3. #3
    jjgold
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    that is not even on the radar in the election

  4. #4
    DiggityDaggityDo
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    Does it even matter? We're all gambling anyways.

  5. #5
    smitch124
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    Quote Originally Posted by DiggityDaggityDo View Post
    Does it even matter? We're all gambling anyways.
    Yes but I want Pinny, Matchbook and Betfair
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: DiggityDaggityDo

  6. #6
    jtoler
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    Obama said promising things too, its just fluff.

  7. #7
    texhooper
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    i want pinnacle too.

    guess i'll have to vote for trump.

    but then i'll have to move to canada if he wins.

    then i can get a pinny account anyway.

    what a plan.

  8. #8
    DiggityDaggityDo
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    Not much is going to change, no matter who wins.

    Like jtoler said, it's all fluff.

  9. #9
    pilebuck13
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    Trump loves casinos guy is all about making money period.

  10. #10
    jtoler
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    Quote Originally Posted by pilebuck13 View Post
    Trump loves casinos guy is all about making money period.
    Thats the one thing that Id lean to as being the one possible elect that might do something positive for us and that is his casino history.

  11. #11
    GunShard
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  12. #12
    DiggityDaggityDo
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    Quote Originally Posted by pilebuck13 View Post
    Trump loves casinos guy is all about making money period.
    Very true.

    Trump says he has never drank alcohol in his life.

    But he has Trump Vodka.

  13. #13
    LordVodka
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    Quote Originally Posted by jjgold View Post
    that is not even on the radar in the election
    If he comes out in favor for internet gambling I believe he will take Ohio.

  14. #14
    jtoler
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    Quote Originally Posted by DiggityDaggityDo View Post
    Very true.

    Trump says he has never drank alcohol in his life.

    But he has Trump Vodka.
    Nice ob Digger.

  15. #15
    DiggityDaggityDo
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    Quote Originally Posted by jtoler View Post
    Nice ob Digger.

    ob

  16. #16
    Snowball
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    Trump is definitely for it - and so is Christie.

    plus, with his tax plan, we can win a lot and not have to pay.
    it's up to 25k if you file Single, 37.5k if Head of Household,
    50k if Married. This is capital gains and income. No difference.
    If more than this, it's only 10% for a long way up.
    https://www.donaldjtrump.com/positions/tax-reform

  17. #17
    Scorpion
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    Last edited by Ihidalgo; 05-18-16 at 12:23 PM.

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