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    On the Call: MGM Resorts CEO Murren talks poker

    By OSKAR GARCIA | Associated Press – Wed, Feb 22, 2012

    LAS VEGAS (AP) — MGM Resorts International reported a fourth-quarter loss of $113.7 million, slightly smaller than a year earlier, but CEO Jim Murren said he thinks the Las Vegas casino operator is positioned to offer legal Internet poker in the United States this year — and would benefit.

    Online gambling has been a hot topic in the casino industry since the Justice Department said in December that federal law bars only sports betting online — not other types of Internet wagers. But Congress has yet to clearly sanction online betting.

    Murren said during a conference call on Wednesday with analysts that Congress might approve online gambling if as part of other legislation.

    QUESTION: Can you give us your sense of where Internet poker goes at the federal level from here?

    MURREN: There are several options in front of Congress in terms of getting Internet poker passed at the federal level this year. Several pieces of legislation need to be passed, and it could be associated with any one of those. As far as to say exactly when or if, I do believe it will be passed at the federal level and I do believe it will be passed this year, but that's my opinion....

    As you know, states are fervently working on their own legislation and can do so and will do so if the federal government does not act.... We would certainly be involved with that. We're prepared. In fact, our arrangement with (gambling website) bwin.party is designed to capitalize on Internet poker legalized in the U.S. We vastly prefer the federal option for any number of reasons: Uniformity of regulation, taxation, strengthening of crime prevention. But we can't speak for the federal government.

     

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