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BOYD BOSS FLEXIBLE ON INTERNET GAMBLING LEGALISATION

02/22/2012 :  BOYD BOSS FLEXIBLE ON INTERNET GAMBLING LEGALISATION
 
The preference is federal, but a state-by-state approach will not deter gambling group from entering the market, says CEO
 
Speaking at an earnings call on Boyd Gaming's Q4-2011 results Tuesday, the US gambling group's CEO Keith Smith talked briefly about the legalisation of online gambling in the United States, and how it may come about.
 
His comments echoed those of analysts earlier this week  who said that state-by-state legalisation may occur faster than a federal solution.
 
"We will also continue to look for growth opportunities such as Internet gaming," Smith told reprsentatives of the media. "As you know, after our last earnings call, we announced an agreement with Bwin.party digital entertainment, the largest publicly traded online game company. This agreement positions the company to be a key player in this exciting new market.
 
"While it appears today [that] federal legislation for Internet gaming is a little further off than we had hoped, we are well positioned to take advantage of this opportunity.
 
"We believe the best approach is for Congress to enact legislation that creates a national, well-regulated environment for Internet gaming. And while we believe federal legislation is profitable, we will consider entering the market on a state-by-state basis if that's how the issue plays out.
 
"We've already applied for an interactive gaming license in Nevada.
 
"Potential acquisitions also remain a focus for the company. However, we will only look at acquisitions that help advance the company's strategic goals," he added.
 
Smith also covered the indicators of a recovery from recession of Nevada's gambling industry, pointing to consistent improvements in many critical key economic indicators ober the past 18 months, embracing visitor volumes, gaming revenues, taxable sales and employment.
 
"Gaming revenue generated by Nevada's casino's industry in 2011 was $10.7 billion, a 2.8 percent increase over 2010," the gambling chief revealed.
 
"It was the second straight year of growth and the highest annual increase in 4 years. In addition, 2011 was the second best year ever for Las Vegas visitor volume, it was 300,000 short of the record of 39.2 million visitors in 2007. We're confident that 2012 will see Las Vegas set a record and surpass the 40 million visitor mark. 2011, saw an all-time record for occupied room nights as well."



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Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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