Donald Trump will be the first U.S. president to own a casino. In his presidential campaign, Donald Trump was almost silent on gambling. Then, when asked about sports betting and daily fantasy sports, Trump said he had friends on both sides of the issue. So, it’s no surprise that the gambling industry has sent a wish list to Donald Trump. Among its requests are less regulation, approval of sports betting, tax reform, and immigration policies that don’t dry up the flow of foreign workers.
There are some signs that the industry is on the mend, however. Despite the current troubles, the industry remains hopeful and has received record PE investment in recent months. It’s not clear if the industry will recover from this current crisis, but the current shaky state is not a long way off. The latest sign of hope is the announcement that Nevada’s gaming industry will gradually return to full operation. The casino industry is bracing for a rough ride, but Alamo predicts a gradual re-start of Nevada’s gaming industry.
Another step toward preventing problem gambling is the adoption of self-exclusion rules. This means that if you become addicted to online gambling, you can’t use any regulated gambling website for a set amount of time. While these rules are still a way off, they will make it easier to identify problem gamblers and intervene before their wagering gets out of control. This is an important step towards protecting public health, and gambling regulators are determined to keep the situation under review.
While the government’s new culture minister is working on enacting the gambling regulations, the industry still has a long way to go. The gambling sector is still grappling with issues such as affordability. While this is a big issue for the industry, there are companies like Department of Trust that have been trying to solve this problem. If these innovations don’t happen soon, it’s too late. This is a huge step forward, but Donoughue fears that they won’t be able to convince legislators of its value.
In January, the gambling industry saw a surge of activity in Las Vegas and across the country. The Las Vegas Raiders’ home games, for example, provided betting opportunities. Other states, which have legalized commercial gambling, experienced a similar surge. While the Las Vegas casino industry is in the driver’s seat, the recovery is largely driven by in-person table games and slots. Online betting accounted for nearly 15 percent of national gaming revenue in March.
Despite the challenges of the legalization process, Maryland is trying to wrap up the legislative session with success. With sports betting legal in 30 U.S. states, the state’s gambling regulator could be ready to implement a regulatory framework in time for the NFL season. Though it’s still too early to say whether the proposed legislation will pass, Maryland Live! at Arundel Mills and MGM National Harbor opened their doors in late 2017. The industry hopes to see sports betting legalized in Maryland in 2020.