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Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

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Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

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💰 Texas Gambling Debate HEATS UP! What It Means for DFW & Beyond! 💰

🔥 Texas Casino Showdown! Will Lawmakers Go ALL IN This Time? 🔥

Bill Rapp, Commercial Mortgage Broker

February 21, 2025•3 min read

🔥 Texas Casino Showdown! Will Lawmakers Go ALL IN This Time? 🔥

💰 Texas Gambling Debate HEATS UP! What It Means for DFW & Beyond! 💰

Everything’s bigger in Texas—including the casino debate! 💰🏛️ After years of folding on the issue, Texas lawmakers are once again pushing to bring legal casinos and sports betting to the Lone Star State. With Rep. Charlie Geren reintroducing House Joint Resolution No. 137, the battle over legalized gambling is heating up, and this time, the odds might be in its favor. 🃏♠️

🎲 The High-Stakes Push for Texas Casinos

The Texas Legislature is set to discuss a bill that, if passed, would allow voters to decide in November whether to amend the state constitution to legalize casino gaming and sports wagering. The move is backed by heavyweight casino operators, including Las Vegas Sands Corp, which has been strategically investing in North Texas—including the Dallas Mavericks’ practice facility and 200+ acres in Irving.

Billionaire Miriam Adelson, the Sands majority shareholder, has been vocal about transforming Texas into a premier tourism destination—but will state lawmakers finally roll the dice and let it happen? 🎲🏨

💰 Why This Time Might Be Different

🚀 Massive Investment Moves
With Sands Corp already planting deep roots in Texas, the financial backing behind this push is stronger than ever.

📊 Growing Public Support
Neighboring states Louisiana and Oklahoma are raking in tax revenue from Texans crossing the border to gamble—many argue it’s time to keep that money in Texas.

🏈 Sports Betting is Already Here
Gov. Greg Abbott admitted that Texans are already engaging in online sports betting—why not regulate it and bring in state revenue?

🏦 $8B+ in Tourism Development
Casinos near the Texas-Oklahoma border—including the new Hard Rock Hotel & Casino at Lake Texoma—are betting big on Texas tourism. If lawmakers don’t act fast, they risk losing major economic opportunities to neighboring states.

⛔ The Roadblocks: Opponents Dig In

Despite the momentum, some hurdles remain:

❌ Religious Groups & Law Enforcement Concerns
Moral opposition and concerns over crime have long been a major barrier to casino legalization in Texas.

🚫 Lieutenant Governor Dan Patrick
Last year, Patrick blocked a sports betting bill from reaching a vote—and he’s shown no signs of softening his stance.

⚖️ Texas’ Historically Conservative Stance
Unlike Nevada or New Jersey, Texas has long been resistant to gambling expansion, making any policy shift an uphill battle.

🏆 The Jackpot Potential: What Legalized Casinos Would Mean for Texas

If this bill passes, Texas could become a gambling powerhouse—competing with Las Vegas, Atlantic City, and other major casino hubs. Here’s what’s at stake:

💸 Billions in Tax Revenue for infrastructure, education, and public services
🎟️ Major Tourist Attractions that could transform cities like Dallas, Houston, and Austin
🏗️ New Jobs & Economic Growth in hospitality, gaming, and entertainment
🏀 A Boost for Texas Sports Teams with legalized in-stadium sports betting

🎤 What’s Next?

Lawmakers will debate HJR 137, and if it passes, Texas voters will decide the fate of casinos in November 2025. If you care about the future of gaming in Texas, now is the time to pay attention.

📢 What do YOU think? Should Texas go all in on casinos and sports betting, or is it too much of a gamble? Drop your thoughts in the comments! ⬇️🎰🔥

🔔 Subscribe for more updates on Texas real estate, gaming laws, and economic developments! 💡🏗️

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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