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MGM CHIEF UPBEAT ON ONLINE POKER LEGALISATION
01/16/2012 : 2012 could be the year internet poker becomes a real force in the USA, says Murren
With any story based on the US Department of Justice change of policy on online gambling attracting media headlines , it’s not surprising that comments by MGM Resorts International CEO James Murren generated plenty of column inches this week.
Interviewed on CNBC, the land gambling exec confidently asserted that the DoJ's admission that the Wire Act applied only to sports betting set the scene for the passage of legalisation bills.
Murren went so far as to predict: "Internet gaming is going to pass here in 2012 in the United States."
What Murren was not so sure about was whether legalisation will be on a state-by-state basis or through the federal route he and other land moguls favour.
"It should be at the federal level, because that's where we can best regulate, prevent fraud, prevent underage gambling and get rid of the illegal gaming sites that still exist today with one uniform regulatory framework," Murren said.
"If the federal government fails to act, state after state after state will approve Internet poker and it will proliferate on that basis."
Murren's company has much to gain from legalisation as a prime mover, thanks to its recent deal with the European online gambling giant Bwin.Party.digital entertainment.
Assessing the potential, Murren commented: "It will be a multi-billion dollar business. It will be hundreds of millions of dollars of revenue to us as a company, billions to the industry, and it will happen this year."
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Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
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The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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