MGM And Boyd Announce Deal With bwin.party To Operate Online Poker Sites In The US
Tuesday, 1. November 2011

MGM Resorts International and Boyd Gaming Corps both announced this past Monday that they will be entering into partnerships with bwin.party digital entertainment to offer online poker services to US players. Of course, the partnerships are contingent on both the passage of federal legislation and subsequent regulatory approval.

According to the agreement, MGM and Boyd would jointly operate an online gaming company with bwin.party of which bwin.party would have 65% ownership, MGM would own 25% and Boyd would own 10%. MGM and Boyd would both be licensed to operate their own online poker sites utilizing bwin.party’s software.

Regarding the new partnerships, Jim Ryan, CEO of bwin.party, expressed his confidence in bwin.party’s “ability to deliver a safe gaming experience of the highest regulatory integrity.”

Monday’s announcement came almost two years to the day after PartyGaming had reached their non-prosecution agreement with the US Department of Justice. The agreement required that PartyGaming pay the US government $105 million in fines in exchange for assurances from the US government that they would not seek prosecution against PartyGaming for having operated in the US prior to the enactment of the UIGEA .

At the moment, the State of Nevada is in the middle of drafting regulations for online poker. The Nevada Control Board elicited a statement saying that despite any past issues that companies might have had with the US government, there will be nothing that would automatically prevent a site such as PartyPoker from operating in Nevada on the behalf of an established brick and mortar casino. The Associated Press recently reported that Jim Ryan is getting ready to enter talks with Nevada regulators.

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