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.
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