Many casino owners and online gaming fans are optimistic that with Donald Trump in the White House, the future of making real money from online casinos is promising. Whether this is true, is a matter of sit and wait, as president-elect takes office early next year.
Donald is so far the first U.S. President to own a casino. Although many of his business ventures are directed to real estate, Trump makes real money online casinos.
Because of his business prowess, which has earned him the title ‘the true mogul’, many are waiting to see how his administration will handle sports betting, internet gambling, and a fantasy to daily sports by most Americans.
With exactly one month before Trump sits in the White House, the most powerful office of the land, the gambling industry has sent him a number of things, which its wants the president to look at. Some of the things in the list include the approval of betting all over U.S.A., a limited number of regulations, which will enable them do business, and amendments of tax reforms.
American Gaming Association has also asked the president not to harden immigration policies because if the policies are not balanced, the industry will dry up. They have sent the list in advance to allow the president-elect ample time to react when he finally takes charge.
In a recent interview with AP, Whitaker Askew, the vice president to the Association said, “Trump’s administration and the Congress, will definitely put in place policies that are likely to impact our gambling business for many years to come.”
These sentiments show fear from a person whose life depends on making real money from gambling, based on the president who in this case should be among those the policies should affect.
“Trump will come along with him proper understanding of business and the online gambling industry than any other person. He knows how this business works and understands different challenges facing it,” asserts Kirk Blalock, who worked with former President George W. Bush.
Although Trump and Ivanka, his daughter worked tirelessly to see New Jersey legalize internet gambling, which later bore fruits by the state passing the law to legalize internet gambling, it is only 3 states that allow iGaming to function fully within their territories.
The three are Delaware, Nevada and New Jersey.
Even with these three states accepting internet gambling, there is intense pressure to halt and actually ban iGaming. Sheldon Adelson, a billionaire with influential backing, has for a long time been backing the move.
Just a month before the U.S. elections, Donald Trump was asked what he felt about gambling. His answer showed that he did not have a position then. Now that he will be president, a lot will be expected of him. Then he said, “I have many friends who hold different positions on this particular matter.”
However, regarding sports betting as well as most Americans daily sports fantasy, Trump said that he did not have an issue with the game because according to him, it is life and everywhere.
A close ally to Trump says that Trump is a man who will not ban gambling from states, which offer it but maintained that he does not see him approve an idea to legalize it nationally.
On sports betting, Mr. Norton says, because of its economic effects, Trump may overlook it but introduce regulations.