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MGM Boss Jim Murren speaks out for gambling regulation
Friday August 28,2015 : REGULATION BETTER THAN PROHIBITION, SAYS GAMBLING CHIEF.
MGM Resorts and AGA boss Jim Murren speaks out for regulation.
MGM Resorts chief and American Gaming Association chair Jim Murren continued to make the media columns this week as further quotes from his News3LV interview surfaced.
After suggesting that daily fantasy sports is undoubtedly gambling and should consequently be regulated Murren went on to tackle the Restoration of America's Wire Act, a federal proposal to ban many forms of online gambling and widely believed to be authored, driven and funded by land casino baron Sheldon Adelson.
Murren said that in his view prohibition was not an effective route to handle the issue of US online gambling, observing:
“People are gambling illegally online - Americans - right now. We don’t know how old they are; we don’t if they can afford to do it; we don’t know where they are. We don’t know if they are actually going to get paid if they win something. We don’t know anything. And to think we can just ban this and that the problem goes away is ridiculous, it flies in the face of common sense. So what I think we should do is regulate it, bring it out in the open."
Murren went on to warn that banning online gambling would simply drive it underground, not solve the problem.
"That’s why I am an advocate of legalizing, regulating, taxing and holding companies accountable to outcomes, just as we are in the brick-and-mortar business,” he said. "It’s incredible to me that we have this discussion, it really is. It’s more incredible to my 20-year-old, who is going to be 21 soon, or my 17-year-old that live on their smart devices, that wouldn’t consider doing anything - they wouldn’t book a room, they wouldn’t check out anything - without checking their smart devices. We know where the world is going from a social media perspective, from a social gaming perspective.
"We also know that the experiences we create here in Las Vegas cannot be replicated on an iPhone, or on an iPad, or on a laptop, or on a home computer, and we shouldn’t be intimidated by that."
Murren opined that properly regulated and licensed online gambling is the best way to protect both the consumer and the industry.
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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.
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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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