MGM expects Nevada online gaming licence “this week”
The news comes just days after it was disclosed Native American tribes are gearing up to launch their first online poker room later this month. "We are encouraged to know that states are talking to one another,” said Murren. “They are crafting their own legislation and legal frameworks but are talking with other states in anticipation of compacting with multiple states.”
Any compact between states for the purpose of improving a shared resource, such as an interactive gambling market, is likely to require approval from Congress but the major federal hurdles were cleared last year when the US Justice Department declared that only online betting on sporting contests was unlawful.
Along with New Jersey and Delaware, Nevada has been one of the early movers as the US edges nearer a regulated online gaming industry which could be worth up to us$ 10 billion annually within five years.
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