MGM prepared for online business

[Highwayman]

MGM prepared for online business


Casino operator MGM Mirage has given its backing to Barney Frank's proposed Internet Gambling Regulation and Enforcement Act, adding that it would get involved in online gambling as quickly as it could should the US legalise the market. Senior vice president Alan Feldman said that the Las Vegas-based firm would have a site up and running within a year, and predicted that all of the major entertainment companies would get involved in the sector at some level.

Feldman also said that MGM's attempt to operate an internet casino from the Isle of Man had failed because it was competing for only 30 per cent of the market, not enough to be profitable.

"But with the U.S. market under Frank's proposal, it would be profitable," he declared.


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[Uncle B]

lol

imagine that...

[johnnyboyConn]

I think that would be good for everybody B. The competition for our dollars would almost certainly lead to some juicy sign up deals. Payments would be back to normal or faster. Don't you f!@#@ing blow this Barney.

Hell, even if Barney blows this, I still think it gets steam and one day becomes legal. The thieves in suits club might just be seeing the light, understanding the fact that they cant stop us and they most certainly understand the dollars at stake.

[Dell Dude]

This would not affect sports gambling. That would still be banned.

[Dell Dude]

Poker and casino players would be set.

[BettingProphets]

you are WRONG delly

[Dell Dude]

Originally Posted by BettingProphets

you are WRONG delly

Then I guess all of the sports leagues will not take advantage of the provision in Frank's bill to block betting on their sport. That kills sports betting for any *legal* gambling book.

[Uncle B]

Originally Posted by johnnyboyConn

I think that would be good for everybody B. The competition for our dollars would almost certainly lead to some juicy sign up deals. Payments would be back to normal or faster. Don't you f!@#@ing blow this Barney.

Hell, even if Barney blows this, I still think it gets steam and one day becomes legal. The thieves in suits club might just be seeing the light, understanding the fact that they cant stop us and they most certainly understand the dollars at stake.

Oh, not saying it's good, or bad...just thought it was funny the way he phrased it.

Of course they will be in it... If the US based casinos are allowed in, they look to make a fortune.

[Highwayman]

Although the general philosophy of the AGA is to keep the FED's out of gambling...

• AGA member’s position regarding Internet gaming:

1. MGM supports Internet gaming
2. Harrahs was warm to Internet gaming until getting the WSOP and would now love to see Internet gaming support that sport.
3. IGT has investments in Internet gaming companies.
4. Steve Wynn is OPPOSED to internet gaming not seeing how such would benefit Nevada/Las Vegas.








Notes from today's Jon Ralston’s interview with Frank Fahrenkopf head of the AGA.

[johnnyboyConn]

Gotcha B. Imagine how many people would gamble online if it was legal. It would explode.

I'm not sure what Dell is saying. I think the guy is right about sports leagues opting out.

I haven't been paying attention to the whole thing. Mainly because the law has done little to stop me at all. I personally haven't missed a beat. Still getting paid in a timely manner. I lost 27 bucks to the suckers at Neteller and have never been stiffed by a book. So to me, in my mind, gambling online is already legal.

[Bostongambler]

In a free market what would it mean. I would imagine all sorts of competition all favoring the better.

All sorts of perks and comps.

[Bitter Bruin]

My guess is the legalization would bring in some people that would otherwise not have been involved. However, at the end the day and after all the press dies down, it will go back to being the same people that were involved before all the bs came about. There will be no more, or no less the number of people that will become addicted to gambling...that issue existed before UIGEA, and will continue after it - whether or not internet gambling is legalized.

[Juice]

A combo of what BG and BB said is on the mark.

[gridironguy]

I believe we are quite a ways off from the Las Vegas casino industry getting involved in internet wagering. It will violate the Wire Act and it will be very tough to get that very old piece of legislation overturned..