MGM Resorts CEO supports legalizing online casinos in Nevada, citing expansion opportunities
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Nevada's gaming industry is missing a significant opportunity for growth, says Bill Hornbuckle, CEO of MGM Resorts International. He believes the state's brick and mortar casinos are too saturated to grow their business. Station Casinos opposed expanding the online gaming regulations. Nevada legalized Internet poker in 2013. The state legislature adjourned in June. A workshop on the issue was postponed. It hasn't been rescheduled. There is just one active Internet casino in Nevada. Resort World Las Vegas opened at the end of June and the unfinished Fontainebleau project is already in place.
MGM Resorts CEO supports legalizing online casinos in Nevada. Online casino revenue spikes nationally. Five states with online casino produced nearly $2 billion in revenue in the first seven months of 2021. There are 25 states that have commercial casinos. Online gaming is just 5 percent of the commercial casino industry’s revenue total.
