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MGM Mirage Getting Involved in Online Gambling Quickly
The giant Vegas-based MGM Mirage gambling group would get involved in online gambling as quickly as it could if the United States legalised the online gambling market, a senior company exec told a newspaper journalist earlier this week.
Senior Vice President Alan Feldman told journo Tom Somach of the San Francisco Chronicle that it was likely that the other major gambling groups in the American industry would do the same, and that his own group could be up and running online within a year of being given a green light.
Feldman appeared in the interview to support the efforts of Congressman Barney Frank to legalise online gambling in the USA by licensing and strictly regulating it under the proposed Bill HR 2046 the Internet Gambling Regulation and Enforcement Act.
MGM Mirage is no stranger to the online milieu, having started a website under Isle of Man regulation some years ago which it subsequently closed. Feldman said that the enterprise had failed because it was competing for only 30 percent of the market, and was therefore not generating sufficient profit.
"But with the U.S. market under Frank's proposal, it could be profitable," he declared.
The online gambling business environment in the United States is currently hostile, with Department of Justice prosecutions and a ban on Internet gambling transactions passed last year. The financial disruption initiated by the Unlawful Internet Gambling Enforcement Act has made it difficult for American players to pursue their pastime of choice within their own homes.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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