Donald Trump: US should legalize Internet betting

[BingoT]

Donald Trump: US should legalize Internet betting

ATLANTIC CITY, N.J. (AP) — ATLANTIC CITY, N.J.

(AP) — 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."
Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10 percent of the new venture.
Donald Trump said the key to success in the online gambling market is having the best brand.
"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."
By WAYNE PARRY, Associated Press
http://www.google.com/hostednews/ap/...3e7afbe701835f

[pmutts]

up and running in the UK.

I love the USA and like most Americans I am proud and blessed to have been born here. Still, I cannot for the life of me understand why our government didn't learn anything from the Prohibition Era.

If we want to gamble--and Yanks young and old LOVE to gamble, then we will gamble. Instead our government--primarily the right wing--insists on legislating morality. I feel the same about marijuana laws very strongly I might add although I gave up pot smoking years ago. The revenue saved from fighting a useless and futile battle to FORBID these activities combined with the astounding amount of tax revenue that would result from legalization, regulation and taxation boggles my mind.

I love my country but I cannot say the same for most of our House and our Senate. At least we elected President Obama. I sure hope he's not a one termer. He says publicly that he does not favor legalization or rampant "medical" use such as in CA, OR, and many other states now but I don't believe him. I think he is afraid to say what he truly believes.

The latest poll says 65% of Americans are for LEGALIZATION of pot and yet our government continues to spend untold billions fighting a "war" that cannot and will not be won.

Ultimately what will change the laws about Internet Gambling and Pot is the need for tax revenue. That is why most states have casinos in one form or another--which only came about in the past 18 - 20 years.