Bloomberg reported that Marc Lasry, the billionaire owner who runs the $12 billion Avenue Capital Group is in full support of the online poker joint venture. Lasry is a well known high stakes poker player in the New York City scene, often playing with other hedge fund personalities like David Einhorn and Kenneth Griffin.
Donald Trump's 29-year daughter Ivanka confirmed the venture...
“It’s just a matter of time. It would be a tremendous source of taxable revenue for states or the federal government and an enormous generator of jobs.”
Trump Entertainment Resorts Inc. (which is controlled by Avenue Capital Group) would hold a 10% stake in any online gaming venture. Avenue Capital Group would reportedly provide the starting capital, while Trump would lend his name to the venture.“In terms of the Internet, brand is essential toward attracting players,” Ivanka said. “The Trump brand would be the most powerful one in this space.”
