After it was disclosed that US media and real estate mogul, Donald Trump is making plans to enter the online gambling market, he made his views on the issue very clear in a recent interview: That online gambling should be approved in the United States since a lot of money is leaving the country, which should, by right, stay.
Trump Entertainment Resorts is advancing with plans to establish an online gambling venture as soon as it becomes legal in the United States. Trump believes that his brand would ensure that the venture’s success. “We think we have the hottest brand there is, the Trump brand, my personal brand,” he said. “We think it’s going to do phenomenally well.”
In its application to the Securities and Exchange Commission, Trump Entertainment noted that it was “determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company.”
Trump and his team are keeping a close eye on the events in New Jersey and are hoping that Governor Chris Christie will soon allow a bill that makes intrastate online gambling legal in the state, making it the first in the US to do so.
“Currently, millions of Americans engage in online gaming with illegal offshore operators, and do so with no oversight, no regulation or no consumer protections,” said the CEO of Trump Entertainment, Robert Griffin. “It makes sense for the state of New Jersey to regulate this activity, enforce strict standards to ensure games are fair and safe, and in turn be able to collect tax revenue instead of having those dollars and the jobs they support leaving New Jersey and going illegally overseas.”
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