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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."
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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