{"id":3850,"date":"2024-11-27T18:34:58","date_gmt":"2024-11-27T19:34:58","guid":{"rendered":"http:\/\/restaurace-pohoda.eu\/?p=3850"},"modified":"2024-12-05T13:41:06","modified_gmt":"2024-12-05T13:41:06","slug":"rsi-ceo-says-trump-unlikely-to-push-new-gaming-regulations","status":"publish","type":"post","link":"http:\/\/restaurace-pohoda.eu\/index.php\/2024\/11\/27\/rsi-ceo-says-trump-unlikely-to-push-new-gaming-regulations\/","title":{"rendered":"RSI CEO Says Trump Unlikely to Push New Gaming Regulations"},"content":{"rendered":"

President-elect Trump and his team are unlikely to prioritize fresh gaming regulations and are likely to take a laissez faire approach to the industry.<\/p>\n

\"BetRivers
Rush Street Interactive CEO Richard Schwartz believes a second Trump term will be good for the gaming industry. (Image: Rush Street Interactive)<\/figcaption><\/figure>\n

That\u2019s the take of Rush Street Interactive (NYSE: RSI) CEO Richard Schwartz. Speaking at the Needham Consumer Tech and Ecommerce Virtual Conference earlier this week, Schwartz said the president-elect could be supportive of gaming expansion, including iGaming.<\/p>\n

\n

I think it\u2019s always helpful to have a president who is not opposed to gaming expansion, which is the case with President-Elect Trump,\u201d said Schwartz.<\/p>\n<\/blockquote>\n

Schwartz expects a marked difference in gaming views in Trump\u2019s second term compared with his first. While the Supreme Court ruling<\/a> on the Professional and Amateur Sports Protection Act (PASPA) was issued during Trump\u2019s first term, the Department of Justice (DOJ) at the time pursued litigation that could have crippled the online gaming industry.<\/p>\n

As was the case during President Obama\u2019s time in office, Trump\u2019s Justice Department interpreted the Wire Act of 1961<\/a> as having applications beyond sports betting, thus targeting internet casinos and lotteries, and online poker. That view was challenged by attorneys general in multiple states with a federal court ruling in 2021 that the Wire Act\u2019s purview was limited to sportsbooks.<\/p>\n

RSI CEO Sees 2025 Possibilities for iGaming<\/h2>\n

With the Trump Administration unlikely to interfere with gaming regulations, Schwartz sees pathways to iGaming expansion in 2025.<\/p>\n

\n

Currently, just seven states \u2014 Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia \u2013 permit that form of wagering. On the iGaming legislative front, 2024 was widely viewed as a disappointment because no new states joined that group, but that could change in 2025 as more states seek new revenue sources.<\/p>\n<\/div>\n

\u201cWe know that when an iCasino is added to a state with legal sports betting, about three-quarters of the taxes comes from iCasino verses sportsbooks, so it\u2019s a very profitable way to raise taxes,\u201d said Schwartz at the conference<\/a>.<\/p>\n

Among large states, there\u2019s been speculation that Illinois and New York could be candidates to approve internet casinos in 2025.<\/p>\n

Tribes Could Face iGaming Hurdles<\/h2>\n

While it appears unlikely the second Trump Administration will wield a heavy hand on gaming regulations, some experts believe that sentiment is reserved for commercial operators and that the regulatory climate for tribal gaming entities could be different.<\/p>\n

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That speculation stems from Trump\u2019s appointment of former North Dakota Gov. Doug Burgum as Secretary of the Interior. As governor, Burgum negotiated at least five tribal gaming accords for land-based casinos, but he was standoffish regarding iGaming.<\/p>\n<\/div>\n

\u201cWhile we understand and appreciate the desire by some of the tribes to extend online gaming beyond their reservation boundaries, a clear legal path does not exist for the governor to grant such a broad expansion of gaming in the compact,\u201d he said in a 2022 press release.<\/p>\n

Supporters of tribal iGaming believe the Indian Gaming Regulatory Act (IGRA) allows for internet casinos because the act is clear in stating that if the wagering takes place on tribal lands and winning bets are paid out from those properties \u2014 events that would occur in iGaming scenarios \u2014 then the act has applications beyond brick-and-mortar casinos.<\/p>\n

The post RSI CEO Says Trump Unlikely to Push New Gaming Regulations<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

President-elect Trump and his team are unlikely to prioritize fresh gaming regulations and are likely to take a laissez faire approach to the industry. Rush Street Interactive CEO Richard Schwartz believes a second Trump term will be good for the gaming industry. (Image: Rush Street Interactive) That\u2019s the take of Rush Street Interactive (NYSE: RSI)…<\/p>\n","protected":false},"author":1,"featured_media":3852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[],"_links":{"self":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3850"}],"collection":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/comments?post=3850"}],"version-history":[{"count":2,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3850\/revisions"}],"predecessor-version":[{"id":3853,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3850\/revisions\/3853"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media\/3852"}],"wp:attachment":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media?parent=3850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/categories?post=3850"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/tags?post=3850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}