MGM Declines Prediction Markets as Casino Chiefs Flag License Risks

Image for article MGM Declines Prediction Markets as Casino Chiefs Flag License Risks
News Source : ReadWrite

News Summary

  • Wynn Resorts' Craig Billings, MGM Resorts International's Bill Hornbuckle and Caesars Entertainment's Tom Reeg used their G2E main-stage discussion to challenge the growth of prediction markets.
  • American Gaming Association President and CEO Bill Miller framed the discussion as a defense of the legal industry’s economic contribution.
  • Miller said legal gaming supports 1.8 million jobs, pays $53 billion in taxes and generates $329 billion in economic growth.
  • Reeg warned that a lack of oversight could damage confidence in both prediction markets and operators in regulated jurisdictions.

Must read Articles