Governments that choose to legalize casino gaming must work with operators to actively engage with the public and clearly articulate why integrated resorts are good public policy or risk losing the opportunity, said MGM Resorts’ President of Global Development, Ed Bowers.
He also warned that regulations governing casino operations need to allow for sufficient return on investment given the rising costs of IR development and the risk involved. An appropriate tax rate, suitable number of licenses, reasonable concession length, access by locals and the ability to market to a wide range of customers have all been staples of successful gaming jurisdictions, Bowers said.
