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Jim Murren Talks about MGM Internet Gambling

Saturday November 2, 2013 : LAND GAMBLING CHIEF ON INTERNET GAMBLING
 
Murren talks about MGM plans in social and internet gambling
 
MGM Resorts International chairman and CEO Jim Murren had some interesting comments on social and internet gambling during his media conference on the release of his company's Q3-2013 results this week.
 
Murren said that on the social gaming scene MGM had a partnership with former Wynn Resorts executive Andrew Pascal, for whom he had a high regard. The partnership has formed MyVegas, a Facebook site that had produced good results in terms of usage and players redeeming their virtual prizes for real bricks and mortar rewards.
 
A mobile app was in the final stages of preparation and would be launched soon, Murren revealed.
 
Turning to intrastate online poker in Nevada, Murren reiterated his company's view that such a business confined to Nevada alone was likely not a profitable prospect due to the lack of player liquidity, and for that reason MGM has held off launching a site.
 
In addition, MGM had always favoured a federal rather state-by-state solution in online poker, Murren said, admitting that his optimism for federal legalisation has substantially faded as Congress has failed to deliver.
 
"It looks to us that that’s all but a lost opportunity," he said.
 
Murren sounded more positive on the upcoming launch of New Jersey's wider online gambling market, saying:
 
"New Jersey is leading the charge for full-on games. That leads us to conclude that the best solution for our state is for Nevada to exert its rightful leadership as a regulatory jurisdiction; that it needs to have a full complement of games and be able to compact with other states to increase liquidity pools and increase overall visitation to all of the sites. I think that will happen."
 
MGM is well prepared for an entry into the New Jersey market through partnerships with Boyd Gaming and the experienced European online betting group Bwin.Party Digital Entertainment, and Murren said that the partners intend to be active in the state-by-state regulatory process.
 
In related news, the Press of Atlantic City reported Friday that more than four dozen companies have received New Jersey state approval to begin working with casino licensees and Internet gambling permit holders.
 
The New Jersey Division of Gaming Enforcement released a list Friday that featured 54 companies who will be allowed to enter into agreements to provide ancillary services or act as vendors for Internet gambling.
 
New Jersey is preparing for a November 26 launch of intrastate online gambling, following a five-day trial period.
 
To date, five casinos have received New Jersey Internet gambling permits.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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