Donald Trump to Enter the Online Casino Scene

Published: July 20, 2013

  • facebook
  • twitter
  • Print

Recently, New Jersey signed online gambling into law under Governor Chris Christie, becoming the third state in the US to legalize the activity. This major milestone has furthered many developments in the online gambling industry, and the latest and most notorious one includes millionaire entrepreneur Donald Trump jumping into the action.

The globally recognized multi-millionaire Donald Trump has partnered with one of the leading online gaming companies in the world, Ultimate Gaming, in a deal that brings the two companies together to develop many real-money games under the New Jersey jurisdiction. The union has led industry experts to predict that this could be the largest expansion of legalized gambling in the state since the first casino opened on New Jersey soil back in 1978.

The real person behind the deal is Ivanka Trump, Donald Trump's daughter and the Executive Vice President of Development and Acquisitions at the Trump Organization. "Given the way online gaming is rolling out on a state-by-state basis, we really want to keep our options open," she commented.

This is a remarkable move for the Trump Organization, having just emerged from bankruptcy three years ago. Trump is a minority investor with no management position, but the company is bringing its world famous name to the arrangement. Trump and Ultimate Gaming have engaged in talks with Atlantic City's Trumo Taj Mahal and Trump Plaza Hotel, with intentions of jointly operating a successful online gaming venue. Experts estimate that the online casino market in New Jersey is valued at $3 billion, so this is predicted to be a highly lucrative deal for Trump and Ultimate Gaming. Even if Trump has a small hand in the game, it will probably be more than enough to lift up his enterprise once again.

Ultimate Gaming is a company that specializes in casino technology and game design. They have a great reputation in the industry, mainly due to the outstanding management team behind the name. The company was founded in 2010 by gaming and technology entrepreneurs with decades of experience in the business. They are also the people responsible for the UFC becoming one of the fastest growing sports enterprises since it was acquired by them. The stakes are high, but so are the expectations, and we are certain the results will live up to them by having such a great team and brand involved.


blog comments powered by Disqus

Other Recent Articles