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MGM CEO Lays Out Online Gambling Plans

Worldwide casino giant MGM International CEO Jim Murren has issued some comments about his company's online gambling plans.

Murren, who discussed a recent deal between MGM and Bwin.party and Boyd Gaming while delivering his company's third quarter financial results said that MGM supports federal legalization of online gambling.

"Back here at home, as you know, the U.S. Congress is considering proposals that could lead to the legalization and regulation of online poker," Murren said. "We support this effort as it clearly would safeguard consumers.

"In preparation for this potential legislation, we announced an agreement earlier this week with bwin.party and with Boyd Gaming to jointly offer online poker in the United States.

"We feel that the technology has matured to a point where Internet poker can be appropriately regulated. The agreement will bring both companies' strong brands to the online poker platform that we believe is safe, secure and fair.

"This business is going to be about scale and the global brand names, and we believe that this partnership gives us the best opportunity to fully capitalize on this potential market."

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