MGM Resorts CEO Wants Legal Online Casinos in Nevada
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MGM Resorts CEO Bill Hornbuckle is in favor of Nevada legalizing online casinos. He made these comments during a panel discussion at IndyFest. Many of the owners of land-based casinos in the state are against this form of expansion.
Station Casinos is opposed to the expansion of online gambling in Nevada. The regulator postponed a workshop hearing on legalizing online casinos until after the adjournment of the legislature in June. Online poker has been legal in the state since 2013, but only one platform, WSOP.com, is currently up and running. Ultimate Poker was the first online poker room in Nevadans, opening in April 2013 but it closed about a year and a half later.
MGM Resorts has online casinos in Michigan, New Jersey, Pennsylvania, and West Virginia. It also has sportsbooks and poker sites operational in several states. MGM expects to have $1bn in net gaming revenue from its BetM MGM operations next year.
American Gaming Association CEO Bill Miller is in favor of Nevada ending the need to register for an online sports betting account in person. He believes that the expansion of online gaming can complement retail operations and not be the death of them. For the first seven months of 2021, the states that have online casinos generated almost $2bn in revenue.
