Donald Trump’s gargantuan Taj Mahal … was forced into bankruptcy a little more than a year after it opened in 1990. Not one [casino] has been built since. The same thing could happen in cyberspace. The early pioneers could become fabulously wealthy. Then the market could quickly become saturated.
Predictor: Schwartz, Evan I.
Prediction, in context:In a 1995 article on online gambling for Wired magazine, Evan Schwartz writes: ”Donald Trump’s gargantuan Taj Mahal … was forced into bankruptcy a little more than a year after it opened in 1990. Not one [casino] has been built since. The same thing could happen in cyberspace. The early pioneers could become fabulously wealthy. Then the market could quickly become saturated.”
Biography:Evan Schwartz was a 1990s journalist with a computer science degree who covered information technology. He was a former editor at Business Week, where he covered software and digital media and was part of teams that won a National Magazine Award and a Computer Press Award. He also wrote for the New York Times, Wired, and MIT’s Technology Review. His books include “Webonomics” and “Digital Darwinism.” (Author/Editor/Journalist.)
Date of prediction: October 1, 1995
Topic of prediction: Economic structures
Subtopic: Gambling
Name of publication: Wired
Title, headline, chapter name: Wanna Bet?
Quote Type: Partial quote
Page number or URL of document at time of study:
http://hotwired.lycos.com/collections/internet_law/3.10_gambling_pr.html
This data was logged into the Elon/Pew Predictions Database by: Stotler, Larry