MGM, the US land-based entertainment conglomerate, delivered its Q3 financial results to shareholders. MGM CEO, James Murren, made a number of positive comments on the future of legal online casinos in United States.
He sees the current legislative developments as a positive step in a series of much needed changes to American gambling laws in order to regulate, license and tax online casinos, poker, sports betting and online bingo in the United States. Murren also said that his company is well-positioned to take full advantage of the upcoming changes in the American gambling sector.
Murren spoke about the recent agreements with gaming operators bwin.party and Boyd Gaming. The partnerships were created to take full advantage of legislation to allow online poker sites in the United States. He also discussed the progress of federal online gambling legalization in Congress, stating that it has full support of MGM.
Murren commented: “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. We support this effort as it clearly would safeguard consumers.”
He also told United States gambling news: “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.”
Murren went on to add: “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,” concluded Murren.
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