Gibraltar-based gambling group bwin.Party has reached a deal with MGM Resorts International and Boyd Gaming to partner up when online poker is legalized and regulated in the United States.
All three companies put out press releases today to publicize the partnership and follow-up interviews with several news agencies have outlined how the agreement would work.
According to a report on reuters.com, once the proper regulatory framework has been enacted by the US government a still-to-be-named company will be formed by the three parties in which bwin.Party will own the majority share at 65%.
MGM will hold 25%, Boyd Gaming will hold 10% and each entity will be responsible for the same percentage of start-up and operating costs.
All three companies put out press releases today to publicize the partnership and follow-up interviews with several news agencies have outlined how the agreement would work.
According to a report on reuters.com, once the proper regulatory framework has been enacted by the US government a still-to-be-named company will be formed by the three parties in which bwin.Party will own the majority share at 65%.
MGM will hold 25%, Boyd Gaming will hold 10% and each entity will be responsible for the same percentage of start-up and operating costs.