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Michael Kaplan’s Winners And Losers: America’s Gambler In Chief (And Not In A Good Way)

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April 13, 2025
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Former Owner Of Three Failed CasinosThis column isn’t about politics, however it’s about playing. And occasionally, it’s slugged as ‘Winners and Losers.’ All of that makes Donald Trump, at this second, a worthy topic.

As famous within the New York Times, he “bet the farm” on the American economy and has proven “an urge for food for danger” throughout his second time period as president.

Unfortunately, being an American myself, I see him pushing all in on my nation’s worldwide standing and my (together with everybody else’s) inventory portfolio. I really feel like we’re going for broke – whether or not we prefer it or not – and attempting to get fortunate.

All this mentioned, enjoying for prime stakes can be barely extra palatable if he occurred to be one of many American presidents who had an acuity for playing.

Harry Truman, Franklin D. Roosevelt, and Richard Nixon have been all top-notch poker gamers. While Nixon did morally questionable issues as a president, he’s mentioned to have performed poker with a killer intuition.

Trump, alternatively, owned three casinos in Atlantic City earlier than playing was authorized throughout America and when an AC on line casino license was a money-printing machine. Yet by some means, he managed to screw up it up. All three casinos went bankrupt.

That doesn’t make Trump the sort of individual I need to belief with something of worth. Yet he’s playing like a child who lucked into successful the World Series of Poker and has introduced all his cash to Bobby’s Room within the Bellagio, so he can ante up with the largest sharks on the town and play loosey-goosey poker.

This sort of factor has occurred loads of occasions up to now. Typically, the large event winner leaves Bobby’s Room a loser.

Tariff-tipsy Trump is now mixing it up it up in a worldwide recreation and ignoring opinions from the neatest economists within the land whereas he bluffs, bets, and parries his means into life-altering pots towards the world. Good luck to all of us.

I’m no stranger to Trump’s bluffing and bluster. This was again earlier than his goofy reality-TV present The Apprentice – when Wall Street was booming, Spy journal had dubbed him a “short-fingered vulgarian,” and Trump was considered a bit of a joke by New York hipsters.

I used to be despatched by a publication referred to as Smart Money to interview the man about his funding methods. I entered his gilded and gaudy workplace, and Trump instantly started bluffing.

His first phrases to me: “I’m on the cover, right?”

I advised him that the journal doesn’t put folks on the quilt. It was the non-public finance journal for the Wall Street Journal. I defined that they put mutual funds on the quilt.

Trump didn’t like that. He become a recalcitrant interview topic, overplayed his hand at each flip, and I wound up leaving his workplace with out a story. Knowing that the man was germ phobic, I caught out my hand and he will need to have felt obligated to shake it.

He bought nothing out of our meet-up, and I’m writing about him right here. So, you’ll be able to argue that, ultimately, I gained that encounter. Then once more, he’s a wild card of an American president. So, who is aware of?

More rapid gratification got here after I card counted in his Atlantic City casinos. I gained greater than I misplaced, all the time felt personally good about it, and snagged some candy comps. The joints have been just a few steps under Borgata so that they tended to be further beneficiant.

But all good issues finish. For me, it unraveled in the course of a heroic run in Trump Marina’s high-limit room. (Trump Marina was initially named Trump’s Castle. Today it’s the Golden Nuggget.)

Early on, a number came visiting and requested what he might do for me. I requested cigars and dinner at DJ’s Steakhouse (sure, it was actually referred to as that; the ribeye was respectable). He took care of each.

But a pair sneakers later, another person appeared and proved much less accommodating. He tapped me on the shoulder and mentioned I might not play blackjack there. Oh effectively, it occurs.

I cashed out on the cage, left with a bag of fairly good cigars, and took a pal for the steak dinner that didn’t get un-comped.

At the time, I by no means might have imagined that my monetary future can be within the palms of DJ, the showy joker whose title was on Trump Marina’s glitzy signal. Now, I want he was nonetheless working as a on line casino boss with less-than-stellar operations that over-compensate and will by no means be the highest spots on the town.

Michael Kaplan is a journalist primarily based in New York City. He is the writer of 5 books (“The Advantage Players” out quickly) and has labored for publications that embody Wired, GQ and the New York Post. He has written extensively on know-how, playing, and enterprise — with a specific curiosity in spots the place all three intersect. His article on Kelly “Baccarat Machine” Sun and Phil Ivey is at the moment in growth as a characteristic movie.

 

 

 





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