Playing shares are slapped within the mouth


Much like his presidency, Donald Trump's famous casino empire went out with a bang …

One made by dynamite worth £ 3,000.

Yesterday, Trump Plaza Casino was torn to pieces in a controlled demolition. The local government even offered a raffle to push the button. But while it only took a few seconds to demolish the building, the writing had been on the walls for years.

At one point it was the largest casino in Atlantic City and arguably put the city on the map as a global tourist destination for those of us who enjoy tossing cards, throwing dice, and drawing slots. And there were many, many people who did that.

Trump Plaza was the most profitable casino in Atlantic City for a while. Celebrities from all over the world traveled there to eat, drink and play. It was no surprise to see Madonna, Mick Jagger or Jack Nicholson sit by the ring to take part in one of the famous Mike Tyson fights that took place on the property.

You could say that Trump made gambling and boxing – and gambling in boxing – great again!

Fast forward to today, and this luxurious palace along with the entire casino industry in the place where Monopoly was made was completely derelict. Suffice it to say that there were no monopolies in the casino business at the time, and Trump Plaza bled money for many years before filing for bankruptcy and eventually falling to his knees.

But while Trump and his casino have been sacrificed over the past few weeks, gambling itself is experiencing a revival …

In 1976 the resort town was plagued by crime and had serious problems attracting tourists. The hotels closed left and right. It was at this point that New Jersey legalized gambling. It all reminds me a lot of the cannabis industry, which I have described in detail many, many, many times before.

The very real need for tax revenue to cover budget constraints will force the hands of many states currently facing legalization of gambling.

We've already seen states like Virginia and Tennessee legalize gambling this year.

Sports betting is currently legal in 21 states, including New Jersey and Pennsylvania, of course. People go to other states to gamble, which led my own state of Maryland to legalize gambling to avoid people going to other states to spend their money.

Personally, I went to the Horseshoe Casino in downtown Baltimore – for a Norm Macdonald comedy show, I should add – but saw the cash being separated from customers who otherwise would have gone to Delaware.

But there are four pillars that haven't legalized it: California, New York, Texas, and Florida.

I bet at least two of these will fall and open billions in additional income and jobs.

To get back to Trump Plaza, my favorite quote from Mike Tyson is, "Everyone has a plan until they get punched in the mouth."

And casinos have actually been slapped in the mouth. The coronavirus lockdown has cost casinos countless millions of dollars. Vegas became a ghost town. Casinos have lost money on betting, rooms, and food and drinks.

You will never be inside!

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But that should change this year, and here are two ways to play it …

The first is an ETF with the perfect ticker: BETZ, Roundhill Sports Betting & iGaming.

It handles the online stuff pretty well as its main holdings are Penn National Gaming Inc. (NASDAQ: PENN), Flutter Entertainment PLC (LSE: FLTR), and the big one this year DraftKings Inc. (NASDAQ: DKNG).

It even focuses on SPACs that rely on sports betting technology and data providers. It has an expense ratio of 0.75% and 40 holdings.

Since a year ago, shortly before the start, the following procedure has been followed …

Online games are the future, but there's a lot of money left from the past …

Enter VanEck Vectors Gaming ETF (NASDAQ: BJK).

If you've been to Vegas – which I've done too many times for my own good – you've probably seen people pouring money into all kinds of casinos and hotels. While travel restrictions have restricted visits to "Sin City", it will pass and these casinos will be fisted again.

BJK has real world holdings like Wynn Resorts (NASDAQ: WYNN) and Las Vegas Sands (NYSE: LVS), which are being put down for obvious reasons. People are going to flood these casinos asap. It should go pretty well this year and beyond. Blood on the streets, as they say.

Although I have problems with Vegas – and with gambling – I like money where I can get it. Given that Wall Street is the house, and you are the hallmark, I'd suggest betting on the house.

Despite the imploding casinos, a phoenix rises from the ashes.

Runner-up stocks are going to do well, that's all I'm saying …


Jimmy Mengel

Just follow @mengeled on Twitter

Jimmy is the Managing Editor for the Outsider Club and the Investment Director of several personal financial advisors, The Crow & # 39; s Nest and The Adventure Capitalist. You can find more information about Jimmy on his publisher's page.

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