MGM Resorts International moved a step closer to launching a US based online gambling service, receiving an online poker license from the Nevada Gaming Commission last week.
The license went to MGM's online gaming subsidiary which has already enterred an arrangement with European net gambling powerhouse Bwin.Party whereby the 2 companies intend on jointly operating a real money online poker website available to Nevada residents when local laws allow. MGM will take a 25% share in the online venture, Bwin.Party will own 65% and the remamining 10% will be owned by Boyd Gaming.
Bwin.Party will supplpy it's online poker platform while MGM will lend it's brand names to the poker wesbite(s).
Bwin.Party have also applied for a Nevada Gaming Commission online poker license, an aplpication that isn't expected to be heard until some time next year. Until that license is received, the MGM/Bwin.Party online poker site will not go live.
If and when it does, it will only accept free play poker accounts from nevada residents, until such time as US Congress legalizes online gambling.