MGM on course for online poker

MGM on course for online poker

Friday, 16 November 2012

MGM Resorts International has become the latest Vegas operator to be granted a state online poker license.

The move comes after the Nevada Gaming Commission heard the company’s case for a license and accepted their proposal. The license now puts MGM one step closer to opening their virtual poker platform, with the only piece of the puzzle left to be completed being the acceptance of by the Nevada Gaming Commission.

Having partnered with in October last year, MGM will use their software to run an online poker site in conjunction with Boyd Gaming. Under the terms of the deal will own 65% of the company, while MGM will hold 25% and Boyd 10%.

It’s expected that MGM will begin offering free money games by early next year before moving to real money games. However, it’s uncertain when this will be as isn’t expected to meet with regulators until next year. Indeed, the NGC has also made it clear that isn’t “guaranteed approval”, which could mean a severe delay in the process for MGM.

Tags: Regulation, online poker, USA