US EditionTrump Family Is Back in the Betting Business
12 Articles
12 Articles
The Trump family is entering the lucrative prediction market, where users can bet on everything from sports to when political leaders will be overthrown. It means a clash with old allies in the gambling and casino industry – but Trump has the upper hand.
By Steve Contorno and Marshall Cohen, CNN With its Atlantic City casinos in crisis during the 1990s, Donald Trump saw a possible salvation in sports betting and aggressively campaigned to legalize them in New Jersey. But when the influential state politicians shut him down, Trump promised that he would sooner or later find a way to win. “Some people surrender with great ease,” Trump told the New York Times after the decisive defeat in 1993. “But…
Trump Family Is Back in the Betting Business
“With his Atlantic City casinos in duress in the 1990s, Donald Trump saw a potential lifeline in sports betting and aggressively campaigned to legalize it in New Jersey. But when state powerbrokers shut him down, Trump vowed that he’d eventually find a way to win,” CNN reports.“More than
With casino empire gone, Trump family bets on prediction markets
With his Atlantic City casinos in duress in the 1990s, Donald Trump saw a potential lifeline in sports betting and aggressively campaigned to legalize it in New Jersey. But when state powerbrokers shut him down, Trump vowed that he’d eventually find a way to win.
Donald Trump's family's new business strategy seeks to rebuild revenue after casinos fall, its traditional emporium.
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