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High Hopes For MGM Online Operations
Friday, May 4,2012 : MGM HAS HIGH HOPES FOR ONLINE OPERATIONS
Social gaming site launch in Q2 will "recreate the Las Vegas Strip experience..."
Whilst Las Vegas gambling giant MGM Resorts International posted a disappointing $217.3m loss in Q1 2012, the company is upbeat about a new online venture in the social gaming field which it intends to launch in Q2, and the prospect of US federal legalisation for online gambling.
Speaking to journalists and analysts in a post-results conference call, chief executive Jim Murren talked about the launch, saying the new social gaming site would "recreate the Las Vegas Strip experience and exclusively features our brands.”
Murren has been talking about the new venture since early February this year , and progress is clearly being made.
He also appeared confident on the prospect of federal legalisation of online poker in the United States, which he reiterated his company was "aggressively pursuing." MGM and Boyds have a partnership agreement in place with European online gambling Bwin.Party digital, although this is obviously contingent on the legalisation of the pastime (see previous InfoPowa reports).
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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