BILOXI, MS (WLOX) - President-elect Donald Trump has a long history in the casino business and gaming operators are curious how the background might affect the $240 billion casino industry.
Over the years, Trump Entertainment Resorts was a major player in the casino industry. Geoff Freeman, President and CEO of The American Gaming Association, has already reached out to the Trump transition team. The AGA sent a memo to the president-elect.
"The AGA is eager to work with the Trump administration. In this letter, we talked about how the AGA hopes to build a policy environment that is conducive to reinvestment in innovation," Freeman said.
At one time, Trump Entertainment Resorts owned seven casino properties from New Jersey to Indiana to California. He has since closed or sold all of them. Freeman thinks a Trump administration could help casinos, including gaming properties on the coast, by creating an environment that would be welcoming to international investors and foreign travelers.
Mississippi has joined five other states in filing a brief before the Supreme Court that could bring sports betting to our state. Right now, federal law allows sports betting only in Nevada. In the past, Donald Trump supported the expansion of legal sports betting and the gaming association hopes a Trump administration weighs in on the issue.
"President-elect Trump has expressed his views on sports betting and appears to agree that current law has failed. We are optimistic that states will soon have the opportunity to choose if they wish to regulate sports betting in the same way they have chosen to regulate other gaming products," said Freeman.
According to the AGA, the federal ban on sports betting drives an illegal underground market of at least $150 billion annually. Coast casinos and other gaming jurisdictions will be keeping a close eye on the Supreme Court. Justices could decide whether or not to hear the case expanding sports betting sometime in 2017.
You can read the full letter from the American Gaming Association to President-elect Trump here: http://bit.ly/2gYwnf0