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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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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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