MGM Resorts International stepped into the real-money online poker arena on Thursday as the latest operator to gain approval in Nevada. MGM plans to use bwin.party's poker platform.
The Nevada Gaming Commission hearing finalized the gaming giant's approval for licensing as an operator of interactive gaming systems in Nevada. With the license MGM will offer Nevada residents an online poker platform after bwin.party receives its own license to provide service in the Silver State.
A free-play online poker site is expected to launch in early 2013 in preparation for MGM Online's real-money venture.
In October MGM partnered with bwin.party and Boyd Gaming prior to legalized gambling; the arrangement will set out bwin.party as owning 65 percent of the company for providing and maintaining the software for both gaming companies. MGM will maintain 25 percent ownership and Boyd has the remaining 10 percent.
A license application as a service provider in Nevada for bwin.party has been submitted but next year is projected as the earliest a meeting with gaming regulators will be held. Las Vegas Review-Journal's Howard Stutz says the Nevada Gaming Commission made it clear that bwin.party "isn't a guaranteed approval" for a license in Nevada in Thursday's meeting.
More news coming as it develops, check back with PokerWorks.