MGM Gets a Thumbs-Up for Online Licensure
05 November 2012
On November 1, 2012, three more companies were recommended online licensure by Nevada’s Gaming Control Board: MGM Online LLC, Z4Poker LLC, and Cams LLC.
Now that they have the Board’s recommendation, the next step is to hopefully join the 13 other gaming companies already in the ring. They’ll need the official approval of the Nevada Gaming Commission, which will announce its decision in the November 15th meeting.
MGM Online LLC
MGM Online LLC is, not surprisingly, the online subsidiary of MGM Resorts International. As part of the application process, MGM told regulators its plan of establishing a play-for-fun website by March 2013. This is in addition to its already popular social media site, myVegas.com, which boasts 350,000 monthly visitors. The new website will be a joint-venture product between MGM, Boyd Gaming Corp (approved for license in June 2012), and Bwin.party Digital Entertainment (on track for Nevada licensing in 2013).
While happy with the recommendation, a representative of MGM reiterated the company’s preference for federal regulation versus state-by-state standards.
Z4Poker is a Las Vegas-based firm that develops poker systems on a smaller scale and aims its products toward small to mid-size casinos that need to partner with an outside poker company. David Colvin, co-owner of Z4Poker, also mentioned that the company is also developing over 100 online keno and bingo games to be made available to smaller operators that “are being left out of the space”.
CAMS is a recently-founded subsidiary of Verifi, a global risk management company. It currently has software and systems to help manage, identify, and verify online player accounts to help prevent problems like money laundering and gambling problems.
Incidentally, this meeting was A. G. Burnett’s first as the commission’s newest chairman. Burnett, who was appointed by Governor Brian Sandoval, replaced Mark Lipparelli, who stepped down in September. Gaming Control Board members serve four-year terms.