MGM Resorts CEO In Favor Of Legalization of Online Casinos in Nevada

MGM Resorts CEO In Favor Of Legalization of Online Casinos in Nevada

The gaming industry in the state of Nevada is missing an immense and significant growth opportunity with its reluctance to legalize online casino gaming. This was mentioned in a statement released by Bill, Hornbuckle, the CEO of MGM Resorts International on Sunday. He has been with the company since 1998 and has headed the state’s biggest casino operator since March 2020. He stated that there are a number of operators who own brick-and-mortar establishments who are against the legalization of online casino gaming.

More on Bill Hornbuckle’s statement

He stated that he would be more interested in talking about this immense opportunity during a panel discussion at IndyFest. He further went on to say that the move to legalize online casino gaming could be significant not just to the state but also for the country as well as the industry as a whole. He has mentioned that the move could also have global implications.

MGM Resorts and online gaming

The company operates in five states (Michigan, Delaware, New Jersey, West Virginia, Pennsylvania) where online casino gaming, sports betting is legal. The CEO has stated that the company is expected to earn billions of dollars in revenue through the sports betting and online gaming platform next year. He reassured that the brick-and-mortar business has not suffered as online gaming and betting rises. He stated that there is too much market saturation and the legalization of online gaming will benefit the industry. The state of Nevada has legalized internet poker in 2003 but at present, there is only one active site that is operated by Caesars Entertainment that is based on the World Series of Poker.

Opposition to the legalization of online gaming

A segment of the small and large gaming operators that was led by Station Casinos has expressed its opposition to the expansion of the online gaming regulations in August 2021. These operators have stated that any further changes that are proposed must be vetted by the Gaming Policy Committee of the Governor and then must be approved by the lawmakers in the state.

About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.