..

Donald Trump to Enter Online Poker Fray

Written by:
C Costigan
Published on:
Oct/20/2011
Donald Trump Online Poker

Real estate, entertainment and casino mogul Donald Trump has teamed up with hedge funds manager Marc Lasry in an effort to get a piece of the online poker industry pie once the activity becomes licensed and regulated in the United States.

From Bloomberg News:

The real estate financier, Lasry’s Avenue Capital Group and casino operator Trump Entertainment Resorts Inc. will form an Internet gaming joint venture should U.S. regulators permit such businesses to operate, according to an Oct. 14 regulatory filing. Trump Entertainment, which Avenue Capital took control of last year, would own 10 percent of the venture, the company said in its filing. It didn’t disclose the stakes to be held by Trump or Lasry’s $12 billion hedge fund.

“It’s just a matter of time,” Ivanka Trump, Donald’s daughter, said in a telephone interview with Bloomberg. “It would be a tremendous source of taxable revenue for states or the federal government and an enormous generator of jobs.”

Trump’s casinos operate in New Jersey, which is currently pushing to legalize online gambling at the state level.

- Chris Costigan, Gambling911.com Publisher

Poker News

High Five Poker Tournament Returns 4 20 Days in April

High Five Poker Tournament Returns 4 20 Days in April

The High Five Tournament features $5 Million in guaranteed prize pools and will run 4 20 days from April 7th to 26th.  This includes three $420,000 Main Events. It’s incredible poker FOUR 20 days.

Online Super Series XL: $12 Million Guaranteed

With almost three weeks of super-sized tournament action and exciting events around the clock, Americas Cardroom has launched its OSS XL, featuring a little something for everyone during these tough times.

Seminole Hard Rock Hotel & Casino Hollywood  Postpones Poker Showdown

Seminole Hard Rock Hotel & Casino Hollywood Postpones Poker Showdown

A main stop for the World Poker Tour, the tournament was scheduled to run from April 16 through May 5.

Seminole Hard Rock Escalator IV Series Event Canceled

Seminole Hard Rock Escalator IV Series Event Canceled

Effective following Flight C, Seminole Hard Rock Hotel & Casino Hollywood’s Escalator IV Series Event #4 will be canceled. Players making Day 2 will be awarded payouts based on a prize pool chip chop. All players who played in the Escalator IV Series will receive a voucher for a one-night stay at Seminole Hard Rock Hotel & Casino Hollywood for use at a later date (one voucher per player).

Today's Top Poker News - March 6, 2020: Stones Wants Cheating Case Thrown Out

Today's Top Poker News - March 6, 2020: Stones Wants Cheating Case Thrown Out

These are your hot stories in the world of poker for Friday March 6, 2020.

Syndicate