Recent news reports indicate that the United States government is thinking about reinstating a ban on Internet gambling. MGM Resorts International’s CEO, Jim Murren, believes that banning legal digital gambling might not hurt the gambling industry as much as other casino owners believe it will. Murren also recently suggested that the legalization of sports gambling in other states might not spell the end of the world for Nevada, either.
In a recent interview, Murren expanded on his feelings about sports gambling in other states. The MGM CEO believes that gamblers will still visit Las Vegas for the NCAA Tournament every March, premiere boxing events, and the Super Bowl despite the availability of sports gambling elsewhere.
Although gambling and casinos are one of the prime reasons why gamblers come to Las Vegas, Murren also believes that gamblers and sports enthusiasts come to the city for the “Las Vegas experience.” He says that his casino has invested billions of dollars in bars, restaurants, and other attractions aimed at creating unique and memorable vacation experiences.
The Future of MGM and the Internet
In terms of the future of Internet gambling, Jim Murren acknowledges that the “Internet is here to stay.” He also says that if Congress bans legal online gambling, MGM Resorts will not suffer greatly. This is because MGM is a resort-based gambling business, not a business built around convenience gambling.
Murren expanded on this idea further, arguing that MGM’s business is not structured around the Internet driving money, revenue, or profit to the resort. Instead, MGM is focused on making gambling and sports wagering just one part of an unforgettable hospitality experience.
The Gambling Industry is at Fault
Murren also claimed that the reason why Congress is considering a ban on online gambling is that leaders in the gambling industry could not agree about how to make online gambling safe and fun for American citizens.