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MGM CHIEF OUTLINES ONLINE GAMBLING PLANS
Friday, November 4, 2011 : Murren voices support for legalised online gambling in third quarter report
Thursday saw the CEO of US land gambling giant MGM delivering the group's third quarter 2011 results...and he had positive comments to make regarding current internet gambling legalisation moves and the company's positioning to best take advantage of developments.
Murren discussed the recently signed deal with Bwin.party digital and Boyd Gaming targeting a legalised online poker market in the United States, and talked about the progress in Congress of federal legalisation moves, which he said his company supports.
"Back here at home, as you know, the U.S. Congress is considering proposals that could lead to the legalization and regulation of online poker," Murren told media and shareholders. "We support this effort as it clearly would safeguard consumers.
"In preparation for this potential legislation, we announced an agreement earlier this week with bwin.party and with Boyd Gaming to jointly offer online poker in the United States.
"We feel that the technology has matured to a point where Internet poker can be appropriately regulated. The agreement will bring both companies' strong brands to the online poker platform that we believe is safe, secure and fair.
"This business is going to be about scale and the global brand names, and we believe that this partnership gives us the best opportunity to fully capitalize on this potential market."
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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