With a new age of legalized online gambling on the horizon, MGM Resorts International has its sights set on the future.
Reuters confirmed Wednesday that officials at MGM believe a major pact is in the works between New Jersey and Nevada.
MGM Resorts International is working with Nevada officials who are discussing banding together with New Jersey to create a joint online gaming market.
“I think it’s likely that in 2014 we’ll see a compact between New Jersey and Nevada,” says CEO Jim Murren. “We’ve really been focusing on Nevada’s ability to compact with other states, create more liquidity.”
A.G. Burnett, chairman of the Nevada State Gaming Control Board, seems just as optimistic.
“Nevada is striving to do what it can in regards to compacts. We do not jump into the fire without having done a lot of cautious research and study into the particulars of such agreements, and that phase is nearing completion,” Burnett said.
“New Jersey is currently focused on working with its existing casinos to attain successful Internet gaming opportunities in this state,” added David Rebuck, head of the state’s division of gaming enforcement.
Rebuck expects “future opportunities for growth and development with other jurisdictions…”
MGM Resorts has casinos in both Nevada and New Jersey.