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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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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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