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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 :
IS DAN BILZERIAN A POKER FISH? -
Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.
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.
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