Mirage CEO comments

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http://today.reuters.com/news/articleinv...6&type=qcna (http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-15T211332Z_01_N15649_RTRIDST_0_LEISURE-MGMMIRAGE.XML&rpc=66&type=qcna)

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So at least we now definitely know what HIS position is.....not that there was ever any real question.

[Nate tha\\\' Great]

MGM Mirage has always been fairly vocal in support of regulating internet gambling. Some of the other big companies haven't said as much. Still, it seems fairly obvious that the AGA is going to recommend in favor of the study legislation. It's just a matter of how vigorously they lobby for it.

[MagCFO]

I think they can get a study passed, but one of the questions will be how long the study will last. I hope it's not 2 years, that's just too long, but if that's all I can get, I'll take it.

I'd love to see a 6 month study, but that's unlikely. Maybe 1 year? I think that's reasonable.

[Nate tha\\\' Great]

[ QUOTE ]
I think they can get a study passed, but one of the questions will be how long the study will last. I hope it's not 2 years, that's just too long, but if that's all I can get, I'll take it.

I'd love to see a 6 month study, but that's unlikely. Maybe 1 year? I think that's reasonable.

[/ QUOTE ]

The bill introduced last year would have established an 18-month study.

FWIW, I looked at the cosponsors listed on the study bill and quite a number of them voted in favor of the UIGEA. This is a good thing.

[playah8er]

could it be possible this is all a big setup to destroy overseas companies player bases before it gets regulated and american companies get involved? It would have been hard for the american casinos to get a solid foundation with party and pokerstars dominating the way they were. Wipe the slates clean after 18 months and its easy to see the big casino's able to make a solid run at it. I'm sure all of this has been said before I just hadnt read it yet. I just started really following the issue

[Jimmy The Fish]

[ QUOTE ]
could it be possible this is all a big setup to destroy overseas companies player bases before it gets regulated and american companies get involved? It would have been hard for the american casinos to get a solid foundation with party and pokerstars dominating the way they were. Wipe the slates clean after 18 months and its easy to see the big casino's able to make a solid run at it. I'm sure all of this has been said before I just hadnt read it yet. I just started really following the issue

[/ QUOTE ]

Hollywood loves the conspiracy theory, but in the real world it's much less common. I can't see the religious right-wingers agreeing to be stooges for such a scheme; Occam's Razor says it's much more likely that Bill Frist simply got caught pandering to a minority constituency who want the Evil Naughty Internet put in its place.

I don't believe that Harrah's, MGM, Boyd, and the rest of the B&M operators would have had any problem leveraging their way past Party and Stars, whether UIGEA passed or not. Brand marketing alone would have drawn the fish who are scared to send their money offshore; and the sharks would have followed happily.

[2easy]

same information, basically, but from ap:

http://apnews.excite.com/article/20061116/D8LDVICO0.html


edited to add:

there are a few comments regarding the ppa in this article.

[2461Badugi]

[ QUOTE ]

FWIW, I looked at the cosponsors listed on the study bill and quite a number of them voted in favor of the UIGEA. This is a good thing.

[/ QUOTE ]

What about HR 4411? Practically everyone voted for UIGEA.

[MiltonFriedman]

HR4411 = - offshore, - unregulated, - untaxed, - immoral in the eyes of some.

AGA study bill = + onshore, + regulated, + taxed, + Fahrenkopf (Republican backing) - immoral in the eyes of some.

See, the difference in the math ?

I like the odds of the AGA bill in attracting votes from even those who voted for HR4411

[Patriot76]

From the article:
[ QUOTE ]
The American Gaming Association, of which Lanni is the current chair, is expected to decide in December whether to pursue legislation calling for such a study.


[/ QUOTE ]

Are you kidding me??? I can't believe that there is even any decision for them to make on this. Surely they realize the millions they are leaving on the table. Unbelievable.

[afish]

[ QUOTE ]
FWIW, I looked at the cosponsors listed on the study bill and quite a number of them voted in favor of the UIGEA. This is a good thing.

[/ QUOTE ]

There was never an opportunity to vote against the UIGEA unless you wanted to be on record voting against port security shortly before an election.

[kidpokeher]

Similar story. Interesting to note NV Senator and majority leader Harry Reid is opposed to Internet gambling.

http://hosted.ap.org/dynamic/stories/I/I...EMPLATE=DEFAULT (http://hosted.ap.org/dynamic/stories/I/INTERNET_GAMBLING?SITE=NVLAS&SECTION=HOME&TEMPLATE =DEFAULT)

[NSolo]

Leaving millions on the table? It's not their money. The only thing that matters to them is campaign contributions.

Frist was not catering to the religious right. He was catering to the casinos and the NFL for their campaign contributions.

Frist wants to be president. I, a Republican, will never vote for him whoever his opponent is.