MGM Funds Research to Help Prevent and Address Risks of Gambling in NJ
As more states have authorized online casino gaming and sports betting, concerns about gambling addiction have increased.
With regulated sports betting, casino gaming, a state lottery, and casinos in Atlantic City, New Jersey has one of the most prosperous gaming markets in the country. Online casinos and sports betting have brought in more than $51 billion in revenue for NJ throughout its entire lifespan. Since 2016, play at land-based casinos has brought in over $19 million from slots and table games.
However, issues with compulsive gambling still exist. And MGM Resorts International has lately tried to help out.
MGM stated last month that it had given $360,000 to the International Center for Responsible Gaming to support two studies aimed at mitigating and preventing possible gambling-related dangers.
Research Essential to NJ Gambling’s Continuing Success
The Borgata Hotel Casino & Spa is owned and operated by MGM Resorts International in Atlantic City. There are more than two dozen MGM casinos in the US and other countries, including Borgata Atlantic City, the highest revenue-generating property in the market.
MGM Resorts is headquartered in Las Vegas, where it runs the well-known Bellagio on the Strip.
In a press release, Stephen Martino, senior vice president, and chief compliance officer of MGM Resorts, stated that these research initiatives are essential to the industry’s sustained prosperity and serve the interests of the company, its workers, its guests, and the communities in which it operates.
The business is happy to maintain its financial support of the ICRG and its important work pertaining to best practices for responsible gaming.