MGM Granted Approval for Online Poker License

MGM Resorts, one of the leading gambling and entertainment groups in the United States, is about to be given an online poker license from the Nevada Gaming Commission following a recommendation from the state’s Gaming Control Board to grant its request to operate a poker site.

It is hoped that, if all goes well, MGM Resorts will receive official permission by the authorities within the next few weeks.

Although MGM’s application to the Nevada Gaming Commission was for an intrastate license, it would definitely have preferred to have been granted online poker legislation on a federal level instead of the current state-by-state trend.

Jim Murren, the Chief Executive Officer of MGM Resorts, emphasized that it was necessary for individual states to work together so as to make the market more feasible. Murren added that they feel strongly that if it is state-by-state then the states themselves are required to arrange with each other to produce a practicable business model. He feels that should any one state go on its own it will present an economic challenge, especially in a small state like Nevada.

However, it would appear that online poker will not be the priority of federal lawmakers and it is clear that things will not be moving ahead on this level in the near future. It is presumed that if anything happens, it will most probably take place during the “lame duck” session of congress after the elections.

Caesars have also applied for a Nevada Internet poker license and Gary Loveman, Chief Executive of Caesars Entertainment said that there are some very urgent issues for the country’s finances that stand in front of the Congress in the lame duck session and although the online gaming question could possibly be called during that time it does not seem probable.

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