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MGM Cautious On Nevada Online Poker

Thursday May 2,2013 : MGM TAKING A CAUTIOUS LINE ON INTERNET POKER IN NEVADA
 
State may be too small to provide a lucrative online market on a standalone basis.
 
Whilst Ultimate Gaming has jumped right in to online poker operational activity in Nevada this week , land gambling giant MGM Resorts International is taking a more cautious line.
 
On Thursday the group's chief financial officer, Dan D'Arrigo, told the Reuters news agency that his company was still undecided on whether to launch an internet poker site in Nevada amid concerns that the state may be too small to provide a lucrative online market on a standalone basis.
 
"We have to make an assessment on the cost to operate that space. We haven't ruled it out, but we haven't given it a green light either," said D'Arrigo. "We're not going to be the first or a pioneer from the state's perspective."
 
Along with other land gambling industry majors, MGM has achieved online gambling licensed status in both Nevada and New Jersey, despite holding the conviction that either federal legalisation or interstate compacts are necessary to create the sort of player liquidity that will generate large enough revenues.
 
Reuters reports that some analysts project Nevada's online gambling market will yield only $50 million to $250 million in annual revenues. The larger and more populated New Jersey is pegged to generate $500 million to $1 billion yearly.
 
"Our preference is for something to be done at the federal level," said D'Arrigo. "We're focused on these state by state initiatives, but it makes (operating) more challenging and more complicated. The opportunities are different in each state," he said. "Hopefully states will compact with one another and that will create liquidity and critical mass."
 
MGM and Boyd Gaming have partnered with internet poker firms like Bwin.Party to provide software and other services to their online gaming efforts across the U.S., including in both New Jersey and Nevada .



Gambling News :

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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