Online Casino Gambling News - by Gamblers Lodge

Online Casino Divvies Out Trump Casinos

Casino Fortune, the self-proclaimed third largest company in the online casino gambling world, says they are proposing to spend $400 million in an attempt to secure a stake of Trump Hotels and Trump Casino Resorts.

The chief executive of Trump Resorts, Donald Trump will no longer serve in his current position of casino executive primarily because his three casinos in Atlantic City, New Jersey have incurred a debt of $1.8 million. Attempts are being made to bring in more investment money – chiefly through the equity group DLJ Banking.

This is where Casino Fortune come into the picture. The battle they face is largely against the U.S. government, who has declared online gambling and online casino ownership illegal in the U.S. Although Casino Fortune, run by the Sunny Group, is an offshore company based in Antigua, the bottom line is that they have been known to take bets from U.S. based gamblers.

In order for Casino Fortune to be a likely candidate in getting a piece of Trump Casinos, they must be willing to end all transactions with U.S. patrons (which still doesn’t erase the fact that they have gone against the U.S. government), or, sell their online gambling empire and put all their resources into the Trump venture, which Sunny Group executives say they would be willing to do.