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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
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
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