With the United States president Donald Trump launching his 2020 re-election campaigns on Tuesday, June 18, 2019 in Orlando, familiar faces and names have sprouted out once more. Just like 2016 campaigns, Trump is expected to have Las Vegas casino billionaires assisting in the funding of his campaigns.
His video message released by his campaign team quoted him saying
‘We’re taking on the failed political establishment and restoring government of, by and for the people.’
The message proceeded on to say
‘It’s the people, you’re the people. You won the election.’
With the 2020 presidential elections shaping up, Joe Biden has appeared as the frontrunner in the race of the Democratic ticket and the race generally. This is according to a Fox survey poll. Trump’s own internal polling has also shown him taking the second position after Joe Biden.
However, Predictlt.org which is an online exchange that gives a platform for its users to purchase and sell shares depending on the political outcome has shown Trump leading with his shares going for 42 cents, Biden comes in the second position at 18 cents, Sen. Elizabeth Warren takes after Biden with her shares selling at 13 cents and Sen. Bernie Sanders taking the fourth slot at 12 cents.
Down to Las Vegas, Trump can count on the massive support being expected financially spearheaded by the 24th richest person in the world. Sheldon Adelson, Las Vegas Sands chairman. The name will click to many as he once again assisted in his campaigns back in 2016. The megadonor has pumped more than $100 Million to GOP, Republican Party, and he seems not to back out in 2020. In 2016, Adelson pumped $82.85 Million to the candidates under Republican Party bracket and in the 2018 midterms, he would give out $123.25 Million to GOP.
Las Vegas Casino Billionaires
Roll on the 2020 campaigns, Adelson together with his wife, Miriam Adelson, who is a physician, have already donated $10 Million to fund the American First Action, the Political Action Committee (PAC) responsible for the realization of Trump re-election bid. There are other Las Vegas casino owners who have been brought on board and with them are also contributions to effect the campaigns. Frank Fertitta III and Lorenzo, Station Casinos owners, have parted with $1 Million each and to Steve Wynn, another mogul in the casino industry, the PAC has received $500,000 from him. Phil Ruffin, Treasure Island owner and a friend to the incumbent president has also donated $250,000 to the Republican National Committee.
Democratic Party Shape Up
There is a reason for Trump to worry amidst the support from the Las Vegas Casino moguls on board. Democratic Party has had its fair share of support with Michael Bloomberg pledging as much as $500 Million in a bid to ensure Trump is ousted. The polls are out and drawing from the recent ones, Joe Biden is on the driver’s seat with a 10-point lead. This is shaping up to be one of the toughest presidential elections and Trump will be hoping more funds will trickle in to assist in the event.
With the pollsters getting it wrong in the 2016 race, some focus has been shifted to the betting markets with the odds they lay out. Bettors are believed to focus on the likeliest to win and not on the one they want to win. This distinguishes polls and odds. Lately, the odds way has been grabbing the headlines and it’s a matter of time till we see the results.