American Gambling Firms Team Up with European Online Poker Operator

Published Monday, October 31, 2011 - Online-Casinos.com

The big firms that are already involved in gambling in the USA such as Caesars Entertainment and MGM are getting their ducks in line which is a sign for many that the possibility of legal internet gambling is on the horizon. A recent story in the news has revealed that casino operators MGM Resorts International and Boyd Gaming Corp. are getting together with Gibraltar-based bwin.party digital entertainment to offer online poker on American soil should the government approve new laws to legalize the activity.

The advent of legalization seems far away in the USA but companies are forming strategic alliances in the mean time. These firms want to hit the ground running should the law change in short order. Companies that are prepared will be most profitable, Boyd Gaming issued a statement indicating it would obtain a ten percent portion of any new firm with Poker Brands owned by Bwin Party and they understood that MGM would also take apportion of the Bwin Party spin off for America.  Boyd Gaming locked itself in for fifteen years with an agreement with Bwin Party to utilize Bwin Party’s platform for online poker should there be government approval of online poker.

Co-chief executive officer of Bwin.party, Jim Ryan, commented on the deal saying there is “significant momentum” behind US legislation. “We are positioning ourselves for when poker regulates.”
Bwin.party still has high hopes for the return of online poker in the USA after setbacks in Germany where new restrictive laws made their stock value lower.
Boyd Gaming’s President and Chief Executive Officer, Keith Smith, confirmed, “We see online poker as a compelling future growth opportunity for our company, and this agreement would position Boyd Gaming to quickly become a leader in the online poker market in the United States.” There may be a long wait for these companies but it can’t hurt to be ready for a change.

 

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