Trump, Biden Woo Casino-Linked Voters as Gaming Properties Rebound
Presidential candidates Donald Trump and Joe Biden are trying to garner support from voters worried about the gaming industry grappling with the fallout from the coronavirus. But their positions differ depending on whether candidates are reaching out to online casino owners or union members, the gaming expert said.
Trump wants all businesses, including Online Casinos and related establishments, to reopen as quickly as possible despite the risk of coronavirus, says the Reverend Richard McGowan, a Boston College finance professor who monitors trends in gambling. But Biden, a former Democratic vice president, would suggest new isolation if COVID-19 sees a resurgence, McGowan said.
Trump, Biden Online Casino Workers
Former Vice President Joe Biden (left) and President Donald Trump will meet in their first debate on Tuesday. There are some disagreements among candidates on issues affecting online casinos.
Workers have to take care of their safety, and owners want to make a profit. So, from the point of view of the operators… Trump is preferable. In terms of worker safety, the choice is Biden. “
The election of a president can affect the regulatory environment for casinos and gambling. Trump’s Department of Justice (DOJ) has already advocated restrictions on online betting in the states.
During Trump’s first term as president, the Justice Department “continues to oppose states’ right to offer online gambling,” Anthony Cabot, Emeritus Fellow at Boyd Law School at UNLV. But these efforts in the courts are failing.”
Cabot explained that the states are “ignoring Trump’s efforts to curb online gambling.” Roughly 17 states offer online sports betting, and there are probably more.
In contrast, Biden told the Culinary Union audience that he was against adding “unnecessary restrictions” to the gaming sector. The union said Biden’s comments last December were a reference to the Wire Act.
The Supreme Court Takes into Account Legalizing Sports Betting
The ongoing path to legalizing sports betting began with a 6-3 Supreme Court decision in Murphy v. National Collegiate Sports Association. This 2018 ruling led to the repeal of the Professional and Amateur Sports Protection Act (PASPA).
Each of the three judges opposing the majority in the case was appointed by the Democratic President. In the weeks leading up to the election, Trump appointed Amy Connie Barrett, a federal appeals court judge, to the highest court. She is considered “very interested in business and therefore generally supports the interests of casinos,” Robert Jarvis, professor at Shepard Broad College of Law at Nova Southeastern University.
Looking ahead, we can say that the Supreme Court will consider three issues related to casinos. These are sports betting, tribal gambling (especially with regard to where casinos can be built) and online gambling, Jarvis said.
Ahead of the November 3 elections, the hotel sector continues to receive warnings about the impact of the pandemic. Earlier this month, the American Hotel and Hotel Association (AHLA) said in an address to members of Congress that 67 percent of US hotels cannot last another six months without federal assistance.
Already, MGM Resorts has permanently laid off about 18,000 jobs across the country. More layoffs in the industry are likely.
Tribal casinos are also reporting financial problems. But none of the presidential candidates made it their top priority to save the online casino.
Minimal Direct Impact on the Online Casino
In terms of conventional commercial gaming real estate, the presidential election “has minimal direct impact on the land-based casino industry,” Cabot said.
The industry has long since lost its rogue status, and both sides respect the rights of individual states to decide whether to open and regulate land-based casinos, ”added Cabot.
Overall, Online casinos are unlikely to be a major issue for voters this year, especially compared to past years. But the owners of famous casinos are among the key sponsors of the Trump campaign. These include Las Vegas Sands billionaire Sheldon Adelson, who is willing to contribute up to $ 50 million to help Trump re-election to a second term.
Unions such as the influential Nevada Culinary Union have supported Biden. He called on Station Casinos and parent company Red Rock Resorts to immediately negotiate with workers at several casinos in Nevada.
National Polls in Favor of Biden, Close Race in Nevada
In the United States, betting on political bets is prohibited. But earlier this month, the UK book average was pretty close, with Biden having a 53 percent chance of winning and Trump 46.3 percent. For PredictIt, the online betting exchange, the Democratic nominee is the stronger favorite.
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