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Jim Murren, CEO of MGM Resorts International, offered a few choice comments today on the subject of daily fantasy sports at a media briefing in Washington D.C..
Professional sports representatives who consider DFS as something other than gambling are “absolutely, utterly wrong,” said Murren.
Murren’s comments were reported by Steve Tetreault of the LVRJ.
“I don’t know how to run a football team but I do know how to run a casino, and this is gambling,” Murren added.
Murren’s remarks came on the same day that the Louisiana legislature moved a bill that would exempt some forms of fantasy through a House committee.
Louisiana’s bill is one of several active state-based legislative efforts related to fantasy sports.
AGA President Geoff Freeman indicated that the report would be released in November of this year.
According to sources close to the company, MGM has carefully studied the market and was at one point quite close to moving ahead with the launch of a DFS site.
From the tone of Murren’s comments, it appears that those plans have been paused more than shelved.
“Clearly [DFS] cannot be ignored and it is gambling,” he said.
“We have not engaged in it as a commercial enterprise because we haven’t gotten comfort by our regulators that we should.”
The entrance of a major land-based casino entity into the daily fantasy sports space would likely have immediate and substantial impacts on the industry: