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October 31, 2014

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Boyd CEO demolishes myth that regulated online gambling will cannibalize land-based casino revenue

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Wayne Parry / AP

This Nov. 19, 2013, photo taken from a computer screen in Atlantic City, N.J., shows a game of online poker in progress on the global partypoker.com site. The site’s parent company, bwin.party, is partnered with Atlantic City’s Borgata Hotel Casino & Spa and will begin offering a test of Internet gambling to New Jersey residents on Nov. 21. Company officials say the global site is very similar to what New Jersey residents will experience when they log on. New Jersey is the third state in the nation to legalize online gambling.

Keith Smith, President and Chief Executive Officer of Boyd Gaming, has a simple message for those who argue that regulated online gambling revenue will cannibalize (i.e., come directly at the expense of) land-based casino revenue.

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