It’s no secret that in anticipation of online gambling being made legal in the US, Jim Ryan of Party Gaming has been actively looking for US joint venture partners. In fact he
has been seen dealing the cards at the negotiating tables with some of the US’s biggest and best casino concerns. As co-CEO of Bwin.party, Ryan told Associated press that they have thrown in their hand with two Las Vegas–based casino operators. These are MGM Resorts International and Boyd Gaming, which joint venture could create just the advantage this online gambling operator needs.
In preparation of any possible legalization and regulation of online poker; possibly even more real money online gambling in the U.S. Party Gaming is keen to re-conquer this massive market. Working together with these two land operators could see them being one of the first in-line to receive early US jurisdictional licensing. Something Ryan has coveted for a very long time.
The new entity would operate an online gambling business under the Party Poker and other brands. It is also interesting to note that Party Poker owns the World Poker Tour; making their brand an even more desirable coup for potential US operators and investors.
CEO of Boyd – Keith Smith – commented that they believe it is vital for the companies to be able to move fast if and when the law changes. They want investors to know they have been aggressively positioning the business. Boyd owns seventeen casinos throughout Nevada, New Jersey, Indiana, Mississippi, Illinois and Louisiana.
MGM Resorts are part or full owners of eighteen casinos in Nevada, Michigan Mississippi and Illinois. While the CEO of MGM resorts – Jim Murren had to say – it is important that the Federal Government now addresses the regulation of US online gambling, they can no longer just ‘wish it away’. He also said that current operators in the US marketplace have ‘hurt’ the entire gambling industry.Written by Neha A