Casinos looking at Online Gaming as source of industry growth
Casino firms are at last beginning to realize that online gaming has a big potential of becoming a possible growth wheels for the industry and are expecting to get the some kind of proper help from congress. The American Gaming Association, which is the lobbying arm of the casino company, is having a discussion with members of Congress about the 4 different bills held between the House and Senate.
This has turned out to be a critical issue for the industry due to the November elections draw is imminent. The elections is going to probably cause a more conservative Congress that is less responsive to legalizing online gambling. It means, they can not waste their time and now is the time to make their move.
As domestic markets such as Las Vegas and companies including MGM Resorts struggle with high debt levels, this is a very important matter for the company. Apparently, Las Vegas is not going to contribute to the growth at the moment. So online gaming is the best option as it can provide some advantages such as low start-up costs, high margins, and high growth potential.
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